Cycle time is the time taken to complete a given process from start to finish. For example, some stakeholders perceive that the procurement process takes too long and ask for a reduction in the time taken to complete the end-to-end process. This is called cycle time compression, and if the cycle time is reduced, the throughput of the procurement team will also be increased.
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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 procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
