Work out requisition cycle time instantly with clear inputs, formula shown and shareable results.
Requisition cycle time is the sum of approval, order creation and acknowledgement stages, and improvement comes from attacking the longest stage rather than trimming all of them. Approval routing is usually the bottleneck and the easiest to fix.
Total cycle time
Total = Requisition to approval + Approval to PO + PO to acknowledgement
Because long cycles push requisitioners towards off-contract buying, which is what creates maverick spend and undermines negotiated pricing.
Two to three days for catalogue items and under five for non-catalogue purchases within an approved contract.