Creating a Purchased Price Index as a Key Performance Indicator
Bendorf, C.P.M., Robi
Robi Bendorf, C.P.M., Bendorf & Associates, (www.bendorf.com), 412-856-4453, email@example.com
92nd Annual International Conference Proceedings - 2007 - Las Vegas, NV
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 to demonstrate value added.