In Country Value (ICV): Driving Local Economic Growth | ICV Compliance in Procurement and Operations

In Country Value (ICV) Management

Vendor ICV Performance

ICV Evaluation History

ICV Reports and Analytics

This module implements a comprehensive In Country Value (ICV) KPI tracking framework that enables organizations to evaluate procurement activities, vendor performance, and SME participation in alignment with localization objectives and regulatory requirements. It allows users to configure KPI evaluation methods with customizable weightings, execute ICV score calculations based on purchase order data, and store detailed calculation results for historical analysis and compliance reporting. The system supports strategy based evaluation, ensuring flexible and extensible integration with various ICV assessment methodologies.

Main Features:

• ICV KPI Method Configuration:
• Enables ICV administrators to define KPI evaluation methods tailored to organizational policies.
• Each method specifies a calculation strategy (e.g., based on purchase order data and vendor classification such as local or SME).
• ICV Score Wizard:
• A user friendly wizard guides users through the ICV evaluation process.
• Users can select a KPI method, vendors, project, and date range.
• The wizard automatically maps the chosen method to the appropriate calculation strategy.
• Automated Score Calculation:
• Analyzes purchase orders filtered by date, project, and vendor.
• Calculates local and SME procurement contributions based on vendor classification.
• Computes ICV scores using the weights and rules defined in the selected KPI method.
• Result Logging and Review:
• All evaluation outcomes are recorded and stored for traceability.
• Detailed records include procurement totals, contribution percentages, and calculated scores.
• Upon completion, users are redirected to the result record for easy review and validation.
• Compliance and Localization Insight:
• Facilitates tracking of compliance with in country value regulations.
• Provides transparent, data driven metrics to support strategic sourcing and procurement decisions.

Workflow:

• Define KPI Methods (ICV Administrator):
  • ICV Administrators configure KPI methods through the backend interface.
  • Each method defines a calculation strategy and assigns weightings for local and SME procurement contributions.
• Launch ICV Score Wizard (User):
  • Users initiate the ICV score evaluation process via a guided wizard from the ICV menu.
  • The user selects:
  • A KPI evaluation method
  • A date range for the analysis
  • Relevant vendors
  • An optional project for contextual filtering
• Strategy Mapping and Score Calculation:
  • The wizard dynamically maps the selected KPI method to the appropriate evaluation strategy (e.g., purchase order based).
  • Vendor classifications and procurement data are automatically retrieved.
  • The system calculates ICV scores based on local and SME procurement performance, applying the configured weightings.
• Store and Review Results:
  • The calculated results are saved in a centralized history record for tracking.
  • Upon completion, the user is redirected to the detailed result view.
  • The result includes:
  • Vendor performance metrics
  • A breakdown of local and SME contributions
  • Final ICV score and calculation insights
• Historical Reference and Audit Readiness:
  • All ICV evaluations are archived and accessible for future reference.
  • The history supports audit compliance, performance reviews, and long term procurement planning.