Which of the following best explains 'contract compliance rate'?
A) This is the percentage of rejected supplies.
B) This is the percentage of supplies invoiced.
C) This is the percentage of the volume that has been ordered from contracted suppliers versus the total contract spend.
D) This is the percentage of 'on-time' delivery by the supplier.

Question

Which of the following best explains 'contract compliance rate'? 
A) This is the percentage of rejected supplies. 
B) This is the percentage of supplies invoiced. 
C) This is the percentage of the volume that has been ordered from contracted suppliers versus the total contract spend. 
D) This is the percentage of 'on-time' delivery by the supplier.

Quizplus · Accepted Answer

Contract compliance rate is the percentage of the volume that has been ordered from contracted suppliers versus the total contract spend.

Which of the Following Best Explains 'Contract Compliance Rate