A Practical Toolkit to Measure, Benchmark, and Report Procurement Savings

Procurement performance today is judged not only by how much cost is saved, but by how reliably those savings stand up to financial scrutiny, regulatory disclosure, and strategic objectives.

Procurement teams in metals and mining face unique complexity: volatile commodity prices, shifting freight costs, variable specifications, and regulatory pressure. Under this pressure, savings reports built on invoice comparisons or last-price reductions fall short. Boards and CFOs demand evidence that procurement performance is real, auditable, and defensible.

This whitepaper provides a structured framework to help procurement leaders measure cost savings with rigour and credibility. It explains which KPIs matter, how to apply them across raw material categories, and why digital infrastructure is essential to track results consistently.

What you will learn

• The three core savings metrics: negotiation savings, purchase price variance (PPV), and supplier choice savings
• How to normalise for currency, incoterms, payment terms, duties, and quality to ensure like-for-like comparisons
• When to apply PPV against market indices, budgets, or last transactions and why not all baselines are equal
• Complementary KPIs beyond savings, including supplier engagement, governance compliance, and risk exposure
• How digital platforms like Metalshub enable automatic tracking, normalisation, and reporting of savings

Why it matters

Without robust measurement, procurement teams risk overstating performance, overpaying suppliers, or missing opportunities to strengthen competition. A structured KPI framework transforms savings from anecdotal claims into transparent, auditable results, giving procurement leaders a defensible way to demonstrate value to boards, auditors, and regulators.

It also turns procurement into a strategic lever, enabling better supplier negotiations, sharper benchmarking against the market, and stronger resilience in volatile supply conditions.

Download the whitepaper and get the practical toolkit for measuring procurement savings in metals and mining.