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Saturday, September 21, 2013

Measurement as a Path to Success

A favorite topic of mine.  Improving measurement can lead to better results, even if you don't apply advanced analytics to the measurements.  Because measurement leads to control.

 " ... Measuring Your Way to Success in Procurement and Supply Management
“Measurement is the first step that leads to control and eventually to improvement.” – H. James Harrington, CEO of the Harrington Institute.

Across the years, companies have traditionally and exclusively measured their success in terms of financial achievements. In the rapidly emerging business world it appeared the need for a much broader range of measures, in order to keep companies and organizations on track into achieving their goals. This is how the fulminating interest in dashboards, scorecards and KPIs can be explained, and Procurement and Supply Management is no different. .... "

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