Unit 6: Purchasing performance measurement Flashcards
1
Q
measure performance for
A
better decisions making
better communication
makes thing visible
better motivation
2
Q
what are the problems in measuring and evaluating purchasing performance?
A
lack of definition
lack of formal objectives and performance standards
problems of accurate measurement
the difference in the scope of purchasing
3
Q
a well defined objectives should followed as?
A
SMART S specific M measurable A Attainable R Realistic T Time
4
Q
The types of analysis is
A
Value analysis
Cost analysis
Economic analysis
5
Q
the four key areas of purchasing performance measurement are?
A
price or cost
Product/quality
purchaing logistics
Purchasing organistions
