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Supplier-Related Penalties & Charges

Purpose -

Tracks penalties or fines paid due to supplier non-compliance.

Operational Definition -

Total Fines and Penalties Incurred Due to Supplier Failures

Type of Metrics -

KPI

Function -

Finance

Associate Function -

Finance

Desired Trend -

Lower the better

Recommended Frequency - 

Monthly

External References -

https://en.wikipedia.org/wiki/Procurement

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