Developing a Purchased Price Index as a Key Performance Indicator
Robi Bendorf, C.P.M.
Robi Bendorf, C.P.M., Consultant, Bendorf & Associates, 412/856-4453; email@example.com
90th Annual International Conference Proceedings - 2005 - San Antonio, TX
When cost reductions are difficult to obtain and prices are going up, how can you show that Supply Management is still doing a great job? Developing and maintaining a Purchased Price Index and comparing it to external indexes is an essential Key Performance Indicator (KPI) to demonstrate Supply Management value added.