Measuring First-Time-Right Procurement

Oliver Münch ()

Chapter 6 in First-Time-Right Procurement, 2015, pp 161-170 from Springer

Abstract: Abstract This chapter focuses on developing an FTRP-based measuring system. The first step is to briefly elaborate the theoretical basis underlying performance measurement. Requirements that indicators must satisfy for First-Time-Right procurement measurement (FTRPM) are subsequently defined. Finally, indicators should be developed enabling the FTRP approach to replace monetary purchasing savings in accordance with SCM objectives. The chapter concludes by summarizing and reflecting upon the insights attained.

Date: 2015
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DOI: 10.1007/978-3-658-08620-6_6

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