“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ...
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“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ...
Best In Class vs. Everybody Else: Procurement Metrics That Matter 2021
Ultimate Supplier Management
36 minutes
4 years ago
Best In Class vs. Everybody Else: Procurement Metrics That Matter 2021
Are you in procurement, sourcing, supply chain? Want the freshest data on procurement key performance indicators? Watch this webinar featuring data from the 2021 Ardent Partners Report: Procurement Metrics that Matter. Supplier enablement? Up! Contract-compliant transactions? Up! Addressable spend that is sourced? Down. Gerard Cardillo reminds us that you can only improve what you measure and tells us his fave metrics: percent of spend on PO and invoices blocked due to pricing/receipt. Andrew...
Ultimate Supplier Management
“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ...
