BESTPRACTICEMonitor

Measure your progress toward critical procurement transformation goals

The Observatory's BESTPRACTICEMonitor functionality makes it straightforward to measure your progress toward critical procurement transformation goals and track performance of the procurement function against a standardised set of public sector specific key performance indicators (KPIs) and financial indices.

Evidence the effectiveness of the procurement function

BESTPRACTICEMonitor will help you evidence the effectiveness of the procurement function and its progress relative to a standardised set of metrics relative to your peers.

Identify where to invest time and effort to improve your procurement function

You can easily identify the key areas that merit the investment of time and effort in order to improve the procurement function's performance.

Create compelling reports for management quickly

Reduce the time and effort in creating compelling and regular reports for senior management.

Periodic calculation of the procurement function’s performance

BESTPRACTICEMonitor facilitates the periodic calculation of the procurement function's performance against a standardised set of procurement specific metrics in the following broad areas:

• Delivered Savings
• Contract Management
• Spend Management
• People and Skills
• e-Procurement

Flexible and easy to use tools to help you demonstrate best practice

The BESTPRACTICEMonitor reporting tools are flexible and easy to use and enable you to quickly generate the charts, graphs, tables and lists that deliver the answers to a wide range of best practice related questions.