Procurement KPI Dashboard Google Sheets Template

A procurement key performance indicator (KPI) or metric is a quantitative value that records all significant aspects of obtaining or purchasing goods and services. So, it is important to see if your procurement efforts pay well. Therefore, this Procurement KPI Dashboard Google Sheets Template helps the procurement department to oversee and optimize purchasing operations in terms of quantity, quality, cost, scheduling, and source.

Above all, Purchaser KPIs and OKRs (Objectives and Key Results) allow project teams to track and communicate progress in a clear and objective manner. Also, the KPIs for vendor management are more detailed and precise. Moreover, objectives are simpler to monitor on a regular basis.

Procurement KPI Dashboard Google Sheets Template

With this KPI dashboard, you will easily:

• Monitor a collection of metrics
• Analyze the procurement management’s effectiveness
• Identify limits
• Boost workplace productivity
• Streamline the procurement procedures

Metrics of a Supplier Performance KPI

Here are some examples for common metrics for procurement managers:

1. Control the internal expenses linked with each purchase. To clarify, by using the formula Cost of Purchase Order
2. Reduce the tangible expenses by streamlining the procurement process
3. Maverick Spend to keep track of your unauthorized spending in this Procurement KPI Dashboard Google Sheets Template
4. Determine the profitability of investments with procurement ROI

You will find more metrics in your template. Besides, you’ll be able to edit the metrics or add new ones.

What sections are included in this KPI Dashboard?

Basically, the template has sheets for:

1. Firstly, the Navigation Menu allows you to find the sheets you need with different buttons.

2. The Metrics sheet allows you to enter each of your Key Metrics, their description, and their unit of measurement. It is important to note that you can use time or money to measure the growth of some KPIs.
3. Current Year Actual and Target + Previous Year Actuals: You add the results for each month in this sheet and then, the Procurement KPI Dashboard Google Sheets Template counts the current year actual cumulative, current year target cumulative, and previous year actual cumulative.

4. With the Monthly Analysis part, you can better understand the results of your metrics when compared to monthly or cumulative results. So, just choose which month you want to see the result for and the template will show you.

5. The KPI Analysis and Charts: In this part, you can track each metric you want in three different types of charts. Therefore, it makes a great tool for presenting data to C-level managers as well as team members.

Meanwhile, all you need is an internet connection and a Google account to get started. And everything will be in sync!

Procurement KPI Dashboard Google Sheets Template Features Summary:

• KPI Dashboard in Google Sheets for purchasing departments
• Measuring success metrics of supplier performance
• Define each KPI in different units and choose cumulative calculation
• Ready to Print template
• Including informational notes
• Ready to use template
• Works on any operating system
• Suitable for any device including mobile, tablet, desktop