Procurement Benchmarks

Procurement industry benchmarks are standardized performance metrics used to evaluate an organization’s procurement practices against industry best practices, peers, or regulatory expectations. These benchmarks help assess efficiency, cost-effectiveness, compliance, and risk management in procurement operations in government contracting.

Benchmarks help organizations:

• Measure cycle time from requisition to purchase order.

• Track cost avoidance or reduction through strategic sourcing.

• Assess procurement errors or audit findings.

• Manage risk and supplier performance.

  
  

For benchmark compliance questions, contact our subject matter experts at J.A. White.