Measures the time taken to complete the sourcing process, from identifying suppliers to awarding contracts.

What it Measures ?

Time it takes to find and finalize suppliers.

Relevant StakeHolders 

Strategic Sourcing, Buyers

In-depth Use Case / Real-world Example

A company manufacturing automotive parts tracks Sourcing Cycle Time to evaluate how long it takes to select suppliers and finalize contracts. For example, if it takes an average of 30 days to identify the right supplier and finalize a contract, the company can work to shorten this cycle by improving supplier vetting processes and reducing delays. This helps the company procure materials faster and minimize production delays.