Below are a set of benchmarks that are tied to Purchase Orders. Take a look at your benchmarks in your Coupa
service to see where you are doing better than the market, or where you
can improve.
Use the "Ways to Improve" column as a way to better your procurement
processes, and continue to save your company money!
| Benchmark |
Ways to Improve
|
| Avg PO Value |
Require
PO for requests above certain amounts |
| POs Issued |
1. Require PO for requests above certain amount
2.
Stop issuing paper based PO
3. Do we have a case many blanket Pos -in that
case, consider
contracts |
| Active Suppliers |
1. Encourage or even mandate suppliers to use Coupa
to receive
POs & submit invoices
2. Communicate that it is FREE for them +
they get all the benefits
of automation |
| PO Revisions |
1. Rationalize your item list
2. Streamline PO
approval, budget over spending limits |
| P-card spend |
1. Lower the limit for p-card spend
2. Reduce p-card
issuance |
| Orders processed per FTE |
1. Stop issuing paper POs
2. Encourage suppliers to
receive Pos electronically |
| Cost of Processing PO |
See above + rationalize PO approval limits |
|
|
