Procurement Performance Management
Your real-time overview of what matters most in direct spend, enabling you to stay informed across initiatives, markets, and suppliers. Procurement Performance Management helps you focus your team on high-impact opportunities that drive measurable savings by clearly highlighting where action creates the most value. At the same time, it allows you to react early by leveraging market signals and cost trends to proactively protect margins and strengthen procurement performance.
Level up your procurement performance
by managing your savings initiatives.
Supplier and performance KPI
All KPIs for the performance of your suppliers and product groups in just one dashboard – tailored to individual areas of responsibility. Our procurement performance management dashboards allow you to view and monitor the various KPIs directly:
- Spend per Supplier
- Amount of Supplier per Group
- Total Amount of Suppliers
- Incoterms Analysis and Trends
- Best Cost Country Rate
- Localization Rate
- Price Trend and Price Performance
- PPV Performance
Savings Initiative Manager
Use the Savings Initiative Manager to track and implement your procurement projects from start to finish. With the Kanban Board, developed specifically for strategic purchasing, you can manage your procurement projects collaboratively - the perfect blend of a procurement savings tracker, planning and project management tool.
Savings Planning and Reporting
The "Savings Planning and Reporting" function is designed to assist your procurement organization in managing and tracking their financial savings goals.
Negotiation preparation
Negotiation preparation at the touch of a button: An export function provides you with reports for internal strategy meetings or supplier negotiations – in .pdf or .ppt format as required. The reports include a detailed analysis of your expenses and savings, KPIs, an overview of all negotiation levers at part number level to optimize your negotiation strategies.
The supplier report-outs include
- Spend and savings trends
- Breakdown by category and parts family
- Development of key performance indicators (KPI)
- Roadmap for savings and projects
- Supplier-specific negotiation points at item level
- Overview of mandatory documents such as acceptance of terms and conditions
The strategy report-outs include
- Spend and savings development
- Breakdown by category and part family
- Development of key performance indicators (KPI)
Your Benefits of Procurement Performance Management
- Negotiation preparation at the touch of a button saves time
- Focus on the strategic core competence of the buyer
- No manual preparation of Power Point presentations
“As a medium size company, Taelim has limited resource for procurement management with lack of long-term & strategic approach. After implementing ivoflow, our purchasing department has been sharpened more focusing on negotiation and strategic planning rather than research and reporting. Most importantly, I can now rely on the system with transparency, exploring new cost improvement potentials based on logical approach with real-time market data.”
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Experience firsthand how our solution can streamline your workflow and boost efficiency.
Try Our DemoFAQ
What are KPIs in procurement?
KPIs (Key Performance Indicators) measure the success of purchasing activities, uncover bottlenecks and reveal savings and improvement potential. Because procurement's core task is keeping input material costs low, cost savings is the most widely used KPI. Other common KPIs include the procurement cost ratio, supplier quality and supplier performance. Which KPIs a company selects depends on its objectives and priorities as well as the specific requirements of its procurement organization. The cost savings KPI shows how much has been saved through supplier negotiations, consolidation of purchase volumes, or other cost-reduction measures.
What is a KPI dashboard in procurement?
A KPI dashboard is a core tool for the modern buyer: it consolidates the most important procurement KPIs into a single overview. Executives and purchasing managers use it to continuously monitor procurement performance, make data-based decisions, and communicate results to management. A strong dashboard also generates individualized reports for each procurement manager, showing only the product groups or commodities that person is responsible for.
What are the benefits of procurement performance management?
Procurement performance management delivers management-relevant insight that explains business impact and risk exposure. Instead of isolated figures, it produces a reliable basis for decisions at the leadership level. With its various features, ivoflow acts as an economic interpretation layer between ERP data and decision-making, translating raw transactional data into insight that leadership can act on.
How can ivoflow be used for procurement performance management?
ivoflow supports procurement performance management across four areas: measuring procurement performance, tracking the development of raw material prices, providing market information and price trends, and monitoring the implementation of measures and initiatives. Together, these give buyers and executives a continuous, data-based view of how procurement is performing.
Can I map and monitor my own KPIs?
Yes, customer-specific KPIs are possible. Many ivoflow customers operate across multiple business units or legal entities, each with its own calculation logic for spend, KPIs and savings. Custom KPI definitions are therefore essential, not optional.
Want to know more
about our procurement solution?
Let us show you how ivoflow can support your business. We are ready to showcase our procurement management system. Together we will find the perfect solution for your company. Feel free to give us a call or e-mail us today!
Save your power and
empower your savings.
