Measures the percentage of procurement activities conducted through electronic or digital platforms rather than manual processes.
What it Measures ?
Percentage of procurement done digitally.
Relevant StakeHolders
Procurement Digitization, Ops
Why it Matters ?
Encourages digital adoption for procurement processes.
In-depth Use Case / Real-world Example
A manufacturing company that produces medical devices tracks e-Procurement Adoption Rate to see how much of its procurement is handled through digital platforms like e-sourcing, e-auctions, and e-purchasing systems. For example, if 70% of procurement activities are done electronically, the company can streamline procurement, reduce human error, and increase transparency in the process.
Sample Formula
e-Orders Processed / Total Orders