Survey

As your organization's buyer, do you read formal purchasing agreements?

Only for a formal written contract.
Only for a major purchase involving a high dollar amount.
Only skim unless for a high amount.
Read every written agreement in detail.
Only read from a new or recent supplier.

Benchmarking Report

 

The American Purchasing Society conducts research about business purchasing practices. The Society obtains information from monthly and annual benchmarking surveys and has been publishing its annual Research and Procurement Benchmarking Report since 1998.

Topics regarding price benchmarking in procurement that are usually included in the purchasing benchmark report are price forecasts, late, early, rejected shipments, staffing levels, savings achieved, new suppliers, policies, and more.

Purchasing professionals use the Society’s supplier performance metrics and supplier performance reports to compare their activities to other organizations with the objective to improve their purchasing practices.

If you would like to read the most recent publication of the Society's Annual Research and Benchmarking Report, become a member of our purchasing professsional organization today!