Value 4 Money benchmark

Welcome to your Value 4 Money benchmark

The purpose of the quiz is to provide you with a quick performance score of your Purchasing Department.

Another outcome is a rough evaluation on how you compare to the rest of the industry.

If you need a more structured report, along with a list of suggested actions, just request it from info@adventocons.it

Your Name and Surname
Company Name
email
1. 
[Organization]
Your Purchasing Department reporting line

2. 
[Organization]
Do you have a written procedure for Purchase requests?

3. 
[Organization]
How Often does your Purchasing department meet with Operations/Marketing and IT departments?

4. 
[Organization]
Is Purchasing Department responsible for target savings

5. 
[Organization]
Does your Company have a E.R.P.

6. 
[Purchasing Department]
Do you have a list of approved suppliers?

7. 
[Purchasing Department]
Do you have reports for materials/services consumption drivers?

8. 
[Purchasing Department]
Do you have a list of quarterly expenses per supplier

9. 
[Purchasing Department]
Do you have a Balanced Scorecard for Suppliers Performances?

10. 
[Purchasing Department]
Do you have a procedure to attribute shipment costs to each item purchased?

11. 
[Purchasing Department]
Do you have a procedure to periodically evaluate the market of suppliers?

12. 
[Quality]
Does your contracts include subcontracting clauses?

13. 
[Purchasing Department]
What percentage of your Purchase Orders are classified as urgent?

14. 
[production/operations]
What is the percentage (in value) of your "slow-moving" stock?

Slow-moving part is defined as a spare not shipped in the last 3 months

15. 
[Purchasing Department]
KPI : please select the ones you measure

16. 
[Quality]
Do you require suppliers to undertake qualification audits?

17. 
[Quality]
Are penalty and Termination clauses fully included in your standard contract?

18. 
[production/operations]
Do you perform constant make vs. buy evaluation?

 
(Whenever a new product/service is requested by production/operations department)

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