How can you use KPIs to effectively monitor contract performance?
If you are sourcing suppliers for your business, you need to ensure that they deliver on their contractual obligations and meet your expectations. One of the best ways to do that is to use key performance indicators (KPIs) to monitor and evaluate their performance. KPIs are measurable and specific metrics that reflect the goals and objectives of your contract. They can help you track progress, identify issues, and improve communication and collaboration with your suppliers. In this article, we will explain how you can use KPIs to effectively monitor contract performance and achieve better outcomes.
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Muhammed Imran GhaniGlobal Procurement & Supply Chain Strategy Sustainability Consultant | Oil & Gas Industry Expert | MBA in Procurement…
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Shashikant SharmaHead QHSE (DGM)@Kabra Extrusion Technik Ltd II Ex- MAN Energy Solutions II SSBB II Lead Auditor QMS II ISO 3834-2 II…
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ANAND KUMARExperienced Logistics Manager | Supply Chain Strategy