and Loss now available in Measure
We are excited to announce that the Measure application within
the Observatory has been updated to include a new Profit and Loss
The Profit and Loss report will bring together the savings and
efficiencies in Measure with the costs of the procurement function,
to quickly show in dollars and cents, procurement's contribution to
the bottom line of their organization.
This is not the way that procurement teams have typically
reported to their managers in the past, but in the tough economic
conditions of the last few years, it is more important than ever
that where savings and efficiencies are made, they are
In addition, there has been mounting pressure for public sector
organizations to provide information to the general public that
they are being good stewards of public funds and publication of the
Profit and Loss report can go a long way towards achieving that
What is MEASURE?
The Observatory's MEASURE functionality
provides an efficiency measurement framework and the supporting
online tools to make it easy to capture, collate, analyze and
report the savings and efficiencies delivered by the procurement
Free to NIGP members
NIGP is pleased to provide its agencies holding national
membership with a FREE MEASURE Licence. More
information on MEASURE and how to register for
your agency’s free users licenses, click:
NIGP Free Measure Licence.
TAGS: NIGP, National Institute of Governmental Purchasing, Events, Forum, Workshops
"The spend analysis was something that was sorely
needed at Tampa. Spikes Cavell and the Observatory are going to
help us streamline in a lot of areas."
Gregory Spearman - City of Tampa