An approach to performance measurement and reporting for contracts that seeks to identify a variety of key dimensions and allow both parties to share a common understanding of progress and performance. The purpose of the scorecard is to align the parties in terms of what should be measured, how and by whom. The measures used include KPIs, financial performance and overall outcomes. See also Performance Regime.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
