Measures the percentage of purchase orders that are issued without errors in terms of quantities, prices, and specifications.

What it Measures ?

Percentage of POs created without mistakes.

Relevant StakeHolders 

Procurement Ops, QA Teams

In-depth Use Case / Real-world Example

A company manufacturing heavy machinery calculates Purchase Order Accuracy Rate by tracking how often purchase orders are issued correctly, without discrepancies. For example, if the company issues 1000 purchase orders and 950 are accurate, the Purchase Order Accuracy Rate is 95%. High accuracy reduces the likelihood of mistakes that can lead to production delays and extra costs.