I hope that you have enjoyed the article “Procurement ROI & Other Executive Terms.”
In case you missed it, this article defines financial terms that have made their way into the manner in which executives evaluate procurement performance. When I ask Procurement VP’s the question “How is your performance measured?” I am increasingly hearing more responses like:
- We’re evaluated based on our ROI; or
- We’re evaluated based on our contribution to EBITDA; or
- We’re evaluated based on our cost savings in EPS
If you are unaware of what these acronyms mean, check out the article. It may just help you decode how you will be evaluated in the near future.
To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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