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Measure resources used.
Include: Labor, materials, equipment and supplies. |
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Record activity or effort that can be expressed in a quantitative or qualitative manner.
Ex: Total # of new contracts, Total # of employees who obtained professional certification, total spend |
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| assess results of an activity to show whether expected results were achieved |
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Represents the ratio of inputs to outcomes.
Outputs are increased and inputs are decreased = greater efficiency |
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| Reflect how long it takes to process a request for procurement or the turnaround time to receive a commodity or service. |
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| They are official factual record of events and decisions which can be used to defend against complaints, protests or litigation. |
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1. The action taken when 2 or more entities combine their requirements to obtain advantages of volume purchases including administrative savings and other benefits.
2.)A variety of arrangements whereby 2 or more public procurement units purchase from the same supplier or multiple suppliers using a single IFB or RFP. |
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Is a form of intergovernmental cooperative purchasing in which an entity will be extending the pricing and terms of a contract entered into by a larger entity.
AKA Riding a Contract |
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| Is an organized effort directed at analyzing the functions of a product or service including specifications, standards, practices and procedures with the intent to satisfy the required function at the lowest possible cost without impacting fictional need and suitability. |
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| A technique by which contractors may voluntarily suggest methods for performing more economically and may share in any resulting savings or be required to establish a program or identify and submit methods for performing more economically. |
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| A measure of all of the cost components associated with the procurement of a product or service. |
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| The total cost of ownership over the life span of the asset. |
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| Generally realized when a manufacturer is able to lower its material or labor costs used to make its products. Lower price paid by the buyer from what was previously paid. |
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| Actions taken to avoid having to pay some sort of cost. |
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| Value analysis applied to the writing of specifications to eliminate products or services that are not cost effective. A toll to achieve cost avoidance. |
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