Which KPIs are connected with purchase requisitions in SAP Smart Business?

All the listed KPIs play a significant role in tracking the efficiency and effectiveness of the purchase requisition process in SAP Smart Business.

Cycle time from purchase requisition to purchase order measures the period taken to convert a purchase requisition into a purchase order. This KPI helps organizations evaluate how quickly they can fulfill procurement needs and respond to business demands. A shorter cycle time typically indicates a more efficient purchasing process.

Average approval time for purchase requisition indicates how long it takes for requisitions to be approved. This metric is essential for assessing not only the speed of the approval workflow but also potential bottlenecks in the process. Understanding this KPI can lead organizations to streamline approvals, reducing delays and improving overall procurement agility.

Order requisition processing effort refers to the resources and time invested in processing purchase requisitions. This KPI helps assess the efficiency of procurement teams and identify areas where process improvements can be made, whether through automation or process re-engineering, thus optimizing resource allocation.

Since each of these KPIs provides vital insights into distinct aspects of the purchase requisition process, recognizing all of them as interrelated components illustrates the comprehensive approach SAP Smart Business takes towards procurement performance tracking.