Balanced Scorecard


A balanced scorecard is a strategic planning and management system used to align a business’s activities with the vision statement. It aims to translate some of the ambiguous aspirations included in the organisations vision or mission statement into the practicalities of how to manage the business better.

CIPS Procurement Topics

Related concepts

Procurement Strategy Development

A procurement strategy is developed in order to establish the direction of how procurement should be organised in order to implement the procurement policy.

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Models (SC / Sourcing / Procurement / Costs)

A supply chain is a complex and dynamic network of organisations, people, information, processes and resources involved in moving a product or service from supplier to customer. Supply...

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Balanced Scorecard

Successful strategy execution has two basic rules: understand the management cycle that links strategy and operations, and know what tools to apply at each stage of the cycle (Kaplan and...

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Tools and Templates

For more information and context around the models please refer to the Purchasing Models Handbook.

Purchasing Models Handbook