KPI 4.6: Procurement Modernization Project Efficiency Improvements

Relates to priority: Lead Operational Excellence


Procurement Modernization is the project to simplify the way UBC buys and pays for goods and services. To identify the efficiencies for this project, Financial Operations has been tracking monthly turnaround times for purchase orders and employee expense reimbursements.

Outcome

To deliver on our great potential and streamline operations through identifying efficiencies in the Procurement Modernization (P-Mod) process and services.

Target

By Q4 FY21 (March 2021), identify efficiencies for the Procurement Modernization process and services quarterly.

Measure

Turnaround times (measured in days) of key processes in the Financial Operations Department.

Reporting Frequency

Monthly — last updated on April 2021.


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VPFO Strategic Priorities

Our priorities provide a framework containing the objectives of our Strategic Plan, and they help contextualize the overarching aims of the VPFO. Progress towards achieving our strategic priorities is tracked by selected Key Performance Indicators (KPIs).

Lead Operational Excellence

Across our diverse portfolio we want to strive for continuous improvement. We need to truly understand why we operate in the way we do, to help us identify areas where we can increase value in our working practices and processes, and then act on our learning. This priority is about streamlining our operations to ensure we’re delivering on our great potential.