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Purchase Order Cycle Time

Purpose -

Tracks efficiency in procurement cycles.

Operational Definition -

Time from PO Creation to Approval and Dispatch

Type of Metrics -

KPI

Function -

Procurement

Associate Function -

Procurement

Desired Trend -

Lower the better

Recommended Frequency - 

Monthly

External References -

https://precoro.com/blog/procurement-kpis-metrics/

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