Financial Management

Often, the most debated topic in an organization is how to “prove out” the full Procurement value proposition. Procurement savings can’t always be linked directly to the bottom-line, and this is only one of several important metrics that should be considered. Nitor has helped dozens of clients develop and implement a Balanced Score Card to fully measure Procurement’s impact. You’ll get a holistic view of your Procurement ROI, including:

• Savings methodology that works for the CFO, the business, and Procurement;
• Metrics on risk avoidance, quality, delivery, service and innovation;
• Benchmarking on key Procurement performance measures;
• Customer satisfaction metrics including incentives to partner with the business; and
• ROI calculated on both an accrual and run rate basis.

Savings alone is a short-term view of Procurement effectiveness. Our approach is to build a single dashboard that accounts for the entire value proposition made to the organization.