Measuring Supply Management's Budget Effects: Introduction of Return on Spend as an Indicator of Supply Management's Financial Effectiveness by Anna QuittMeasuring Supply Management's Budget Effects: Introduction of Return on Spend as an Indicator of Supply Management's Financial Effectiveness by Anna Quitt

Measuring Supply Management's Budget Effects: Introduction of Return on Spend as an Indicator of…

byAnna QuittForeword byProf. Dr. Michael Henke

Paperback | January 27, 2010

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Performance Measurement is currently one of the most talked about topics in Purchasing and Supply Management (PSM) - in research as well as in business practice. However, it is not simply a business fad; researchers already introduced the Balanced Scorecard, a performance measurement method, to PSM a few years ago. A more novel idea in this context is measuring the budget impact of PSM - its financial effectiveness. In business practice, only 10-20% of supply management's effectiveness can be identified retrospectively in the P&L account with current measurement methods. Thus, PSM is often criticised for only being able to demonstrate its efforts on presentation charts, so-called "powerpoint savings". Therefore, researchers were requested to support practitioners in finding a solid and feasible solution to the problem of savings measurement. The derived solution measures PSM's financial effectiveness by integrating the function in the budgeting procedure, based on the following hypothesis: Only when supply management addresses its planned savings potential already in the budgets, it can show its comprehensive bottom line effect.
Dr. Anna Quitt was a research assistant at the Chair of Financial Supply Management of Prof. Dr. Michael Henke and obtained her doctoral degree at the European Business School EBS in Oestrich-Winkel.
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Title:Measuring Supply Management's Budget Effects: Introduction of Return on Spend as an Indicator of…Format:PaperbackDimensions:274 pagesPublished:January 27, 2010Publisher:Gabler VerlagLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3834921106

ISBN - 13:9783834921109

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Table of Contents

Supply Management's Financial Effectiveness; Savings Measurement Practices and Requirements; Integrated Budgeting; Supply Strategy Realisation; Budget Effects Measurement; Measurement Process Implementation