This template serves as a Procurement Buyer’s Guide with one view of historic product purchases from vendors made by your company’s various locations, prices, and vendor performance. It provides details on Purchase Overview, Rate v/s Quantity, Vendor Costing, Location-wise Costing to gain valuable insights that drive decisions for obtaining and managing sources of product supply required by the company. It helps managers identify suppliers/vendors that offer the best service at the best price. This is critical in monitoring goals for quality, cost, value, and reliability.
Intended audience: The Procurement Buyer’s Guide is meant for Procurement (Purchasing) Managers and Officers.
Focus metrics: Overview of Annual Purchases, Rate per Item v/s Quantity, Vendor Costing Analysis, Location-wise Costing Analysis.
When to use: Use to answer questions from procurement data, namely - What is the amount of increase/decrease in the overall spend on purchasing products? Which vendors provide the best rates? Which locations have a higher purchasing spend? Track key performance metrics with a customized report that provides insights on making smart purchasing decisions.
The template supports visual dashboards with relevant analytics written in natural-language summaries to provide data-driven insights for your team.
To use this template, simply download it, connect/upload your data to the dashboard, and run the report. Start by exploring our auto-generated business analytics and create a report effortlessly in a matter of minutes. The template gives you the flexibility to customize and add comments, analysis, and insights as per your needs if required.