Competitive/Best‑Value Spend % of addressable
Share of addressable spend awarded via competitive/best‑value methods.
Formula
competitive_awarded_spend / addressable_spend × 100
Target
≥ 80–90% (reduce non‑comp/waivers).
Requisition → PO Cycle Time P90 days
Days from complete requisition to purchase order issuance.
Formula
P90(PO_date − requisition_complete_date)
Target
≤ 14–30 days by category; use pre‑bids/frameworks.
Contract Renewals On‑Time %
Active contracts renewed/extended ≥30 days before expiration.
Formula
renewals_before_30d / contracts_expiring × 100
Target
≥ 95% (use pipeline alerts).
Master Agreement Coverage % of addressable
Spend placed under master agreements/state co‑ops vs tail spend.
Formula
spend_under_MAs / addressable_spend × 100
Target
≥ 60–75% (consolidate commodity buys).
Savings Achieved vs Baseline %
Percent savings from competitive events vs pre‑bid baseline/last price.
Formula
(baseline_price − awarded_price) / baseline_price × 100
Target
Commodity 3–10% typical; track by category.