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Category Archive for: ‘Governance’

  • Purchasing Metrics: Tracking Cost Savings, Capital Reductions and Avoidances

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    Year after year, research studies by universities, consultants, and purchasing associations have shown cost reduction as one of a company’s three most important goals for the year. Although innovation and collaboration among business stakeholders and suppliers (SRM) continue to be part of the agenda in …

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  • Metrics for Purchasing: A Framework that Works

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    A 19th century quotation from Lord Kelvin, who was an Irish-born British engineer, is still valid today: “If you cannot measure it, you cannot improve it”. Metrics are developed in each field in order to help measure performace of a current situation. The metrics are the …

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