I hope that you have enjoyed the article, “Putting Procurement Performance Into Context.”
When it comes to procurement performance metrics, procurement professionals often over-complicate things. If that helps home in on areas for performance improvement, fine.
But communicating procurement performance to senior executives requires simplification. Let me rephrase that. Communicating procurement performance to senior executives requires effective, intelligent, meaningful simplification.
Sometimes, the most important thing that senior executives want to know is the simplest: are things getting better or worse?
The techniques that I taught in the article will give you the ability to answer that question in an effective, intelligent, and meaningfully simple way, using overall company performance as the benchmark against which procurement performance is compared.
Never underestimate the power of simplicity!