3 Strategies to Align Supplier Performance Metrics With Business Goals

According to a Gartner survey, 45% of chief procurement officers (CPOs) indicated that effectively communicating the procurement value proposition is becoming increasingly important to support future goals. For procurement leaders, effective communication requires several key elements. First, you must have a clear and focused objective; second, your message should align with the priorities of your audience; and lastly, a solid foundation of clearly defined and aligned metrics is essential to support your narrative, as these metrics provide credibility to your initiatives. Join this complimentary Gartner procurement webinar as a Gartner expert will focus on how to create a robust data foundation and how you can build on that foundation to enhance communication of the procurement value proposition. You will learn how to effectively align your metrics, both internal and supplier-focused, with enterprise priorities. Plus, walk away from this session with answers to your vital questions and recommended actions to tailor your communications to different audiences to ensure best-fit.

• Align your metrics to enterprise priorities through the use of strategy cascades

• Identify common CPO-level dashboard metrics and customize them for your environment 

• Determine when to implement robust metrics across your supply base, ensuring they align with the expected supplier value
  
  

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