Big Bold KPIs : KPI 02 : Cycle Time is WRONG. way to measure your Procurement Operations!
Update: 2024-08-24
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KPI 02 in Big Bold KPIs series:Continuing the series of defining New Age KPIs and moving away from typical old KPIs in Procurement, the time has come for Cycle time to be phased out.Supernegotiate recommended that instead of a cycle time KPI, define the Time of Market (or Speed of Market) KPI for Procurement. More on this in this short video. Again, traditionalists can easily dismiss these ideas but don't complain about Procurement not getting a seat at the table. More on this in my next blog article (coming out on Monday).
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