How To Create Procurement Reports, Part I<\/h1><\/div><\/div><\/div>Are These Items On Your Procurement Reports?<\/h2><\/div><\/div><\/div>How does a procurement leader know what his or her procurement team is working on? He or she can stand over the shoulder of each and every team member every day. Or, he or she can use a more practical tool: the procurement report.<\/p>\n
That’s a simple enough concept. But a common question is: what should be on a procurement report?<\/p>\n
In this and the next edition of PurchTips, I’ll share eight items to consider including on your procurement report. That’s not to say that these are the only items to include or that each of the items should definitely be included. You should use these as a starting point and add to and\/or delete from this list to suit your procurement department’s culture.<\/p>\n
OK. Here are the first four items commonly found on procurement reports…<\/p>\n
\n- Cost Control Performance.<\/strong>\u00a0In this section of the report, you should summarize fiscal-year-to-date cost savings, cost savings achieved since the last meeting, cost increases incurred since the last meeting, cost savings opportunities being pursued, and cost increase threats observed.<\/li>\n
- Sourcing Projects.<\/strong>\u00a0In this section, you should provide updates of sourcing projects. You may want to consider separating these projects into phases, such as pre-solicitation, awaiting proposals, etc.<\/li>\n
- Supply Risks.<\/strong>\u00a0In this section, you should summarize supply risks that you have become aware of. More importantly, you should specify what you are doing to mitigate those risks.<\/li>\n
- Internal Customer Collaborations.<\/strong>\u00a0Developing relationships with internal customers in the organization is as important a procurement initiative today as it ever was. In this section, you should share the details of upcoming and recently completed collaborations with internal customers.<\/li>\n<\/ul>\n
Read more on\u00a0How To Create Procurement Reports<\/a>. To get more ideas on what to include in your procurement reports, check out this\u00a0Procurement Report Template<\/a>\u00a0on NLPA Learning.<\/p>\nNLPA Learning<\/b><\/a><\/span>:<\/b> Looking for authoritative procurement templates, tools, webinars, and more? Stop trying to create resources from scratch and start taking advantage of having exactly what you need right at your fingertips in NLPA Learning<\/span><\/strong>.<\/span><\/p>\nRecommended Reading:
\n<\/strong><\/p>\n\n- How To Create Procurement Reports Part 2<\/a><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div>
Do You Want a More Rewarding Procurement Career?<\/h5><\/div>![](\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/12\/spsm_verify.jpg\" "\\"spsm_verify\\"")
<\/span><\/div>Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.<\/p>\n
Earning your SPSM Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!<\/p>\n<\/div>
Download<\/span><\/a><\/div><\/div><\/div>Need Better Performance From Your Procurement Team?<\/h5><\/div>![](\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/12\/services.jpg\" "\\"services\\"")
<\/span><\/div>Are you a procurement leader whose team isn\u2019t achieving the results you know are possible? Maybe it\u2019s not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.<\/p>\n
You need a performance improvement plan that\u2019s easy to implement and quick to produce results. The NLPA can help.<\/p>\n
Download our whitepaper \u201cThe Procurement Leader\u2019s Guide To A More Successful Team.\u201d You\u2019ll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.<\/p>\n<\/div>
Are These Items On Your Procurement Reports?<\/h2><\/div><\/div><\/div>How does a procurement leader know what his or her procurement team is working on? He or she can stand over the shoulder of each and every team member every day. Or, he or she can use a more practical tool: the procurement report.<\/p>\n
That’s a simple enough concept. But a common question is: what should be on a procurement report?<\/p>\n
In this and the next edition of PurchTips, I’ll share eight items to consider including on your procurement report. That’s not to say that these are the only items to include or that each of the items should definitely be included. You should use these as a starting point and add to and\/or delete from this list to suit your procurement department’s culture.<\/p>\n
OK. Here are the first four items commonly found on procurement reports…<\/p>\n
\n- Cost Control Performance.<\/strong>\u00a0In this section of the report, you should summarize fiscal-year-to-date cost savings, cost savings achieved since the last meeting, cost increases incurred since the last meeting, cost savings opportunities being pursued, and cost increase threats observed.<\/li>\n
- Sourcing Projects.<\/strong>\u00a0In this section, you should provide updates of sourcing projects. You may want to consider separating these projects into phases, such as pre-solicitation, awaiting proposals, etc.<\/li>\n
- Supply Risks.<\/strong>\u00a0In this section, you should summarize supply risks that you have become aware of. More importantly, you should specify what you are doing to mitigate those risks.<\/li>\n
- Internal Customer Collaborations.<\/strong>\u00a0Developing relationships with internal customers in the organization is as important a procurement initiative today as it ever was. In this section, you should share the details of upcoming and recently completed collaborations with internal customers.<\/li>\n<\/ul>\n
Read more on\u00a0How To Create Procurement Reports<\/a>. To get more ideas on what to include in your procurement reports, check out this\u00a0Procurement Report Template<\/a>\u00a0on NLPA Learning.<\/p>\nNLPA Learning<\/b><\/a><\/span>:<\/b> Looking for authoritative procurement templates, tools, webinars, and more? Stop trying to create resources from scratch and start taking advantage of having exactly what you need right at your fingertips in NLPA Learning<\/span><\/strong>.<\/span><\/p>\nRecommended Reading:
\n<\/strong><\/p>\n\n- How To Create Procurement Reports Part 2<\/a><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div>
Do You Want a More Rewarding Procurement Career?<\/h5><\/div><\/span><\/div>Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.<\/p>\n
Earning your SPSM Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!<\/p>\n<\/div>
Download<\/span><\/a><\/div><\/div><\/div>Need Better Performance From Your Procurement Team?<\/h5><\/div><\/span><\/div>Are you a procurement leader whose team isn\u2019t achieving the results you know are possible? Maybe it\u2019s not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.<\/p>\n
You need a performance improvement plan that\u2019s easy to implement and quick to produce results. The NLPA can help.<\/p>\n
Download our whitepaper \u201cThe Procurement Leader\u2019s Guide To A More Successful Team.\u201d You\u2019ll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.<\/p>\n<\/div>
How does a procurement leader know what his or her procurement team is working on? He or she can stand over the shoulder of each and every team member every day. Or, he or she can use a more practical tool: the procurement report.<\/p>\n
That’s a simple enough concept. But a common question is: what should be on a procurement report?<\/p>\n
In this and the next edition of PurchTips, I’ll share eight items to consider including on your procurement report. That’s not to say that these are the only items to include or that each of the items should definitely be included. You should use these as a starting point and add to and\/or delete from this list to suit your procurement department’s culture.<\/p>\n
OK. Here are the first four items commonly found on procurement reports…<\/p>\n
- \n
- Cost Control Performance.<\/strong>\u00a0In this section of the report, you should summarize fiscal-year-to-date cost savings, cost savings achieved since the last meeting, cost increases incurred since the last meeting, cost savings opportunities being pursued, and cost increase threats observed.<\/li>\n
- Sourcing Projects.<\/strong>\u00a0In this section, you should provide updates of sourcing projects. You may want to consider separating these projects into phases, such as pre-solicitation, awaiting proposals, etc.<\/li>\n
- Supply Risks.<\/strong>\u00a0In this section, you should summarize supply risks that you have become aware of. More importantly, you should specify what you are doing to mitigate those risks.<\/li>\n
- Internal Customer Collaborations.<\/strong>\u00a0Developing relationships with internal customers in the organization is as important a procurement initiative today as it ever was. In this section, you should share the details of upcoming and recently completed collaborations with internal customers.<\/li>\n<\/ul>\n
Read more on\u00a0How To Create Procurement Reports<\/a>. To get more ideas on what to include in your procurement reports, check out this\u00a0Procurement Report Template<\/a>\u00a0on NLPA Learning.<\/p>\n
NLPA Learning<\/b><\/a><\/span>:<\/b> Looking for authoritative procurement templates, tools, webinars, and more? Stop trying to create resources from scratch and start taking advantage of having exactly what you need right at your fingertips in NLPA Learning<\/span><\/strong>.<\/span><\/p>\n
Recommended Reading:
\n<\/strong><\/p>\n- \n
- How To Create Procurement Reports Part 2<\/a><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div>
Do You Want a More Rewarding Procurement Career?<\/h5><\/div>
<\/span><\/div>Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.<\/p>\n
Earning your SPSM Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!<\/p>\n<\/div>
Download<\/span><\/a><\/div><\/div><\/div>Need Better Performance From Your Procurement Team?<\/h5><\/div>
<\/span><\/div>Are you a procurement leader whose team isn\u2019t achieving the results you know are possible? Maybe it\u2019s not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.<\/p>\n
You need a performance improvement plan that\u2019s easy to implement and quick to produce results. The NLPA can help.<\/p>\n
Download our whitepaper \u201cThe Procurement Leader\u2019s Guide To A More Successful Team.\u201d You\u2019ll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.<\/p>\n<\/div>
- Sourcing Projects.<\/strong>\u00a0In this section, you should provide updates of sourcing projects. You may want to consider separating these projects into phases, such as pre-solicitation, awaiting proposals, etc.<\/li>\n
![](\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/12\/services-contracting.jpg\" "\\"services-contracting\\"")
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