{"product_id":"measuring-supply-management-s-budget-effects-von-anna-quitt","title":"Measuring Supply Management’s Budget Effects","description":"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\u0026amp;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.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783834921109\"\u003e\u003ch3\u003eIntroduction of Return on Spend as an Indicator of Supply Management’s Financial Effectiveness\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783834921109","offer_id":49593297076549,"sku":"9783834921109","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/c2ba2cbf-67f8-4760-9f55-defb5d982a40.jpg?v=1775622886","url":"https:\/\/shop.autorenwelt.de\/products\/measuring-supply-management-s-budget-effects-von-anna-quitt","provider":"Autorenwelt Shop","version":"1.0","type":"link"}