Measuring procurement performance: a complete list of KPIs

Procurement key performance indicators (KPIs), also called metrics, are designed to measure performance and effectiveness of procurement management. Procurement KPI is a measurable value that tracks all relevant aspects of purchasing or acquiring...

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Jasmiina Toikka

Head of Content at Sievo

What are procurement savings: definitions, saving types and calculation examples

The main goal of procurement is to ensure products and services are bought at the right price. Cost savings still is still the #1 key performance indicator for CPOs. This can be measured via hard...

Jasmiina Toikka

Head of Content at Sievo

What is direct material procurement? Definitions, types and examples

Procurement can be divided into indirect and direct material categories. Indirect and direct procurement vary from each other by their category characteristics and nature. In this article we will...

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