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RFQ Response Time

Purpose -

Measures responsiveness of suppliers.

Operational Definition -

Average Time Taken by Suppliers to Respond to RFQs

Type of Metrics -

KPI

Function -

Procurement

Associate Function -

Procurement

Desired Trend -

Lower the better

Recommended Frequency - 

Monthly

External References -

https://sievo.com/blog/procurement-kpis

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