Advertisement
Published in:
2020 | OriginalPaper | Chapter
Performance Management: Bridging the Value Delivered
Authors : Wolfgang Schnellbächer, Daniel Weise
Published in: Jumpstart to Digital Procurement
Publisher: Springer International Publishing
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Abstract
Undoubtedly, performance management is one of the most crucial enablers for procurement success. However, few CPOs have it clearly under control. In a recent survey of approximately 50 procurement heads, only 65% stated that their performance management covered the core value dimensions driven by the function. In response to the question as to whether the performance was accurately measured, only 22% said “yes” and 9% answered in the affirmative that at least the majority of employees in the function were covered by a transparent and fair performance management system. But what keeps this core enabler scoring so low in actual implementation?