the purpose of the article is to give the reader a clear understanding and awareness of purchasing performance measurement. In today context, the importance of performances for many groups such as marketing, finance, manufacturing and corporate as a whole entity, of which measurement is important.
In the management of a business enterprise, we often look at the balance sheet to determine the company’s continuing growth and profitability through and assessment of a financial statement. Its effectiveness can only be assessed correctly within the purview of financial statement and accounts. Purchasing department being a service oriented and a profit center approach to performance management has a pivotal part in the corporate goal, which is tied to the mission and vision of a business organization