Objective 1: Optimize Procurement Efficiency & Cost Control

KR1: Achieve 8–12% annual cost savings through vendor negotiations, bulk purchasing, and alternative sourcing.

KR2: Maintain a minimum of 90% on-time procurement for all critical materials.

KR3: Reduce average purchase cycle time from PR to PO by 20%.

KR4: Ensure 100% adherence to approved procurement budget without cost overruns.

Objective 2: Strengthen Supplier Management & Quality Performance

KR1: Develop and maintain a minimum of 3 qualified suppliers for all critical categories.

KR2: Improve supplier on-time delivery performance to ≥ 95%.

KR3: Reduce supplier rejection/quality issues by 15% through audits, CAPA, and continuous monitoring.

KR4: Conduct quarterly supplier performance reviews with documented action plans.

Objective 3: Enhance Inventory Availability & Reduce Stock-Outs

KR1: Maintain zero stock-out for A-class critical materials.

KR2: Reduce excess inventory value by 10–15% through accurate demand planning and MOQ optimization.

KR3: Ensure 85–90% accuracy in material forecasting in coordination with PPC/Production.

KR4: Implement lead time monitoring system and reduce lead time variability by 10%.

Objective 4:



Improve Procurement Compliance & Risk Management

KR1: Ensure 100% compliance with procurement policies, SOPs, and audit requirements.

KR2: Complete vendor onboarding & documentation for 100% suppliers with no deviations.

KR3: Conduct bi-annual risk assessment for all strategic suppliers.

KR4: Implement contract management for all major purchases above defined threshold.

Objective 5: Digitalization & Process Improvement

KR1: Achieve 100% e-procurement / ERP usage for PR–PO–GRN processes.

KR2: Reduce manual paperwork by 50% through automated workflows.

KR3: Implement at least 3 cost-saving or process-improvement projects annually.

KR4: Improve procurement reporting accuracy and TAT to < 24 hours.

Objective 1: Optimize Procurement Efficiency & Cost Control

KR1: Achieve 8–12% annual cost savings through vendor negotiations, bulk purchasing, and alternative sourcing.

KR2: Maintain a minimum of 90% on-time procurement for all critical materials.

KR3: Reduce average purchase cycle time from PR to PO by 20%.

KR4: Ensure 100% adherence to approved procurement budget without cost overruns

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🏢 Eastman Auto u0026 Power
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