Effective monitoring of purchasing performance requires more than measuring savings. Better Buying Concepts has developped a global approach to performance monitoring based on the concept of a Balanced Scorcard.
These 4 domaines give a "360 °" view on the performance of the purchasing function and its contribution to global company results.
The bottom layer, Learning and Growth, is covered by the 5 steps method which assesses the capacity of the purchasing department to reach a given set of objectives.
