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Cost Savings Initiatives

Purpose -

Assesses effectiveness of procurement-driven cost-saving initiatives.

Operational Definition -

Total Savings from Initiatives / Total Procurement Spend * 100

Type of Metrics -

KPI

Function -

Finance

Associate Function -

Finance

Desired Trend -

Higher the better

Recommended Frequency - 

Quarterly

External References -

https://partnersforpublicgood.org/procurement-excellence-network/resource/essential-procurement-performance-metrics/

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