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Agile Procurement Finance and Its KPI

In: Procurement Finance

Author

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  • Bernardo Nicoletti

    (Temple University)

Abstract

In the modern world characterized by change and volatility of the environment, it is essential to approach also procurement finance from an agility point of view. The starting point is the capability to measure the key process indicators, analyze them, develop the procurement finance, and verify the indicators against the objectives of the organization. In order to be successful, it is essential to lean the processes, digitize them, and take a modular approach, both in the system architecture and in the development of new applications. The key process indicators with which to start should be connected with the supply, the control, and the profitability. The glue among all these factors are the data. Their management and reporting is the best way to direct the agility development.

Suggested Citation

  • Bernardo Nicoletti, 2018. "Agile Procurement Finance and Its KPI," Palgrave Studies in Financial Services Technology, in: Procurement Finance, chapter 0, pages 93-106, Palgrave Macmillan.
    • Handle: RePEc:pal:psincp:978-3-030-02140-5_4
    DOI: 10.1007/978-3-030-02140-5_4
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    Cited by:

    1. Guan Luo & Carlos Serrão & Decui Liang & Yang Zhou, 2023. "A Relevance-Based Technology–Organisation–Environment Model of Critical Success Factors for Digital Procurement Adoption in Chinese Construction Companies," Sustainability, MDPI, vol. 15(16), pages 1-23, August.

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