Procurement Metrics & Strategic Sourcing Dashboarding 

Procurement Metrics Design & Dashboarding Service 

Learn to demonstrate progress on management-driven procurement and sourcing goals in an organized and profound way with Corcentric’s Procurement Metrics and Dashboarding Consulting Services. 

The role of procurement has evolved from a reactive buying group, to a more strategic value-generating organization. However, communicating Procurement’s value to the business effectively, requires the right metrics, data, and visualization capabilities. Since 1992, Corcentric’s team of procurement transformation experts have helped companies develop metrics and Key Performance Indicators for their Procurement groups and implement simple, yet effective dashboarding to communicate those Procurement metrics. 

The day-to-day business of setting policies for purchases, enforcing competitive bid rules and spend thresholds, and requiring stakeholders and functional owners to justify expenditures doesn’t always Procurement and Strategic Sourcing to be viewed positively by the rest of the organization. These activities are critical to ensuring the business’ profitability, however, without the right metrics and reporting capabilities to truly communicate that value to stakeholders, Procurement’s ability to operate at its full capacity is limited. Even the most sophisticated procurement teams may have gaps in their knowledge on designing valuable metrics and the resources to capture and interpret the data to report on those metrics. 

Corcentric’s procurement and sourcing metrics experts can help. 

We understand the full breadth of procurement reporting needs and how to manipulate and interpret available data from a variety of sources to produce reports that have the maximum impact. With our procurement data science discipline, Corcentric has experience with the various procurement dashboard tools available; both client tools for pulling the data and data visualization to report the metrics in a clear format allowing stakeholders the ability to drill down to the level of granularity needed. 

Are you ready to start defining and communicating Procurement’s Value more effectively?