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Supplier Innovation Contribution Rate

Purpose -

Tracks the proportion of innovations contributed by suppliers, fostering a culture of co-innovation.

Operational Definition -

(Number of Innovations Introduced by Suppliers / Total Innovations) * 100

Type of Metrics -

KPI

Function -

Procurement

Associate Function -

Procurement

Desired Trend -

Higher the better

Recommended Frequency - 

Annually

External References -

https://www.zluri.com/blog/procurement-kpis

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