Anna Quitt

Measuring Supply Management’s Budget Effects (eBook, PDF)

Introduction of Return on Spend as an Indicator of Supply Management’s Financial Effectiveness

• Format: PDF

Produktbeschreibung

Performance Measurement is currently one of the most talked about topics in Purchasing and Supply Management (PSM) – in research as well as in business practice. However, it is not simply a business fad; researchers already introduced the Balanced Scorecard, a performance measurement method, to PSM a few years ago. A more novel idea in this context is measuring the budget impact of PSM – its financial effectiveness. In business practice, only 10-20% of supply management’s effectiveness can be identified retrospectively in the P&L account with current measurement methods. Thus, PSM is often criticised for only being able to demonstrate its efforts on presentation charts, so-called “powerpoint savings”. Therefore, researchers were requested to support practitioners in finding a solid and feasible solution to the problem of savings measurement. The derived solution measures PSM’s financial effectiveness by integrating the function in the budgeting procedure, based on the following hypothesis: Only when supply management addresses its planned savings potential already in the budgets, it can show its comprehensive bottom line effect.

Produktdetails

• Verlag: Betriebswirtschaftlicher Verlag Gabler
• Erscheinungstermin: 24. September 2010
• Englisch
• ISBN-13: 9783834984906
• Artikelnr.: 44127494

Autorenporträt

Dr. Anna Quitt was a research assistant at the Chair of Financial Supply Management of Prof. Dr. Michael Henke and obtained her doctoral degree at the European Business School EBS in Oestrich-Winkel.

Inhaltsangabe

Problem Set and Course of Investigation.- Supply Management’s Financial Effectiveness – ‘The Story Behind it’.- Measurement of Supply Management’s Bottom Line Impact: Status Quo and Future Requirements.- Measurement Process Design: Measuring Supply Management’s Budget Effects – A Qualitative Approach.- Process Implementation Design: Implementing Supply Management’s Return on Spend.- All-Encompassing Final Statements.

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Problem Set and Course of Investigation.- Supply Management's Financial Effectiveness - 'The Story Behind it'.- Measurement of Supply Management's Bottom Line Impact: Status Quo and Future Requirements.- Measurement Process Design: Measuring Supply Management's Budget Effects - A Qualitative Approach.- Process Implementation Design: Implementing Supply Management's Return on Spend.- All-Encompassing Final Statements.