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CAPS Research August 2010 Newsletter
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Included in this Issue:
Newly Published Resources
SnapShots Benchmarking: Insurance
Requirements and Certificates for Suppliers » more
Focus Study: Value Focused
Supply: Linking Supply to Competitive Business Strategies »
more
CPO Insights: Accelerating
Supplier Innovation » more
CPO Insights: Supply Chain
Fraud Prevention and Detection »
more
Event Presentations: Asian
Executive Roundtable » more
Benchmarking Opportunities »
more
Do You Want to Benchmark?
Events » more
11th Annual CAPS Research
Best Practices Workshop: Creating Value in the New Economy
Critical Issue Partnership Event – Driving
Sustainability in Supply Management and throughout the Supply Chain
Noteworthy » more
Corporate Project –
Collaboration Opportunity
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Newly Published Resources:
SnapShots Benchmarking:
Insurance Requirements and Certificates for Suppliers
The SnapShots survey on Insurance Requirements and Certificates for Suppliers received
149 responses. Thirty-Four percent of the respondents were from the manufacturing
sector and 66% were non-manufacturing. A very large percentage of companies from
both sectors (86% and 98%, respectively) required suppliers to maintain insurance
in addition to the requirements prescribed by the state or nation where work is
being performed. Seventy-six percent of manufacturers and 93% of non-manufacturers
require suppliers to provide copies of their certificate(s) of insurance. Of those
companies that do not require suppliers to provide copies of the certificates of
insurance, 71% of manufacturers and 66% of non-manufacturers have standard contract
terms requiring suppliers to certify that they have coverage consistent with insurance
requirements, and that they will maintain that coverage for the contract performance
period.
Focus Study:
Value Focused Supply: Linking Supply to Competitive Business Strategies
CEOs are raising their expectations for supply to include results well beyond just
saving money on external expenditures. Value Focused Supply (VFS) is an approach
for creating and implementing longer-term strategies for key purchase categories
and the related suppliers that create value beyond cost savings. This report defines
VFS, provides examples of VFS strategies, provides a framework for implementing
VFS, discusses issues for enabling VFS, and includes several company case studies
across various industries.
(This report will be available to the public October 1, 2010 at www.capsresearch.org)
CPO Insights:
Accelerating Supplier Innovation
Texas Instruments has historically reached out to their suppliers for continuous
improvement initiatives. Recently, they reached out to the CAPS Research CPO sponsor
community seeking input on how other organizations actively collaborate with their
suppliers to tap their innovation and creativity. Questions posed asked about the
programs, tactics, and measurements they have implemented that encourages suppliers
to be innovative and collaborative, and the impact of these initiatives on their
products and/or services.
CPO Insights:
Supply Chain Fraud Prevention and Detection
In an effort to learn more about fraud prevention and detection programs, Texas
Instruments used the CAPS Research CPO Insights platform to gain insight and share
information on best practices pertaining to activities that prevent fraud within
the supply chain, outsourcing fraud prevention programs, program effectiveness,
and more.
Event Presentations:
Asian Executive Roundtable
CAPS Research sponsoring firms and invited guests gathered in Shanghai for two days
in June to discuss the challenges of supply management in this dynamic region. Sponsor
companies that were not able to attend can view the following case studies and research
presented at this event:
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Benchmarking Opportunities:
To get where you want to go you have to know where you are starting from. Is benchmarking
a key component of your organization's strategic objectives? Participating in a
CAPS Research benchmarking survey allows you to compare your supply management business
practices to those of others within the same industry sector. Resulting differences
become targets for future improvement. Contact the CAPS Research Benchmarking team
at metrics@capsresearch.org to see
how you can start participating today.
Benchmarking Surveys in Data Collection:
- Engineering/Construction Industry
- Office Supplies Market Basket
Benchmarking Surveys to be Released:
- August 20 - SnapShots survey Supplier Diversity Programs - Second Tier Spend
Expectations. This short survey focuses on supplier diversity performance
credits.
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Events:
11th Annual CAPS Research Best Practices Workshop: Creating Value in the New
Economy
Senior executives from CAPS Research sponsor companies are encouraged to register
for this September 26-28, 2010 event in Phoenix, Arizona to share best practices
and learn from other senior purchasing and supply executives. This year's sessions
include:
- A 2011 economic outlook
- Value-focused supply
- Accelerating innovation from the supply base
- Industry case study presentations
- Interactive working sessions: create an action plan for your firm
Critical Issue Partnership Event (sponsors and invited guests only) – Driving Sustainability
in Supply Management and throughout the Supply Chain
Firms, large and small, are increasingly embracing sustainability and "green" practices,
not only from a socially conscious perspective, but as a means to reduce costs.
Leading-edge firms are taking an even broader view and examining what impact their
supply chain is having on the environment - and how that impact will be minimized.
Schneider Electric and CAPS Research will be co-hosting a one day Critical Issues
Partnership event for sponsor companies and invited guests on October 12, in Paris
(Rueil-Malmaison), France, focusing on the topic, "Driving Sustainability in Supply
Management and throughout the Supply Chain." It will be an opportunity for supply
chain peers to share their success stories, experiences and lessons learned through
formal presentations and highly facilitated discussion.
If you would like more information regarding these events, send an email to
researchevents@capsresearch.org.
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Noteworthy:
Corporate Project – Collaboration Opportunity:
The W. P. Carey MBA supply chain management specialization is offering a no-cost
opportunity for your organization to work with their MBA student project teams to
analyze a supply chain management problem or opportunity. These four-member MBA
student project teams work with your managers and staff November - April to provide:
- A thorough analysis of the problem or opportunity
- Potential alternatives for addressing this problem or opportunity
- A recommendation for a preferred alternative
- An implementation plan for the selected alternative
For more information on how your organization can participate in this MBA corporate
projects program click here or contact Joseph Carter at joseph.carter@asu.edu.
Consider becoming a sponsor of CAPS Research
Are you missing out on the benefits of a CAPS Research sponsorship? Check
here to see if your organization is on our list of sponsors.
Not a sponsor of CAPS Research? Learn more about the value of
becoming a sponsor.
Sponsors, do you need help to access Knowledge Central? In Knowledge Central you
will find over 1,000 articles, reports, assessments, and presentations in one location.
Access all CAPS Research publications using the Guide to Resources, Topics, or Leadership
Model tabs, or enter keywords in the text box and click Search to launch
CAPSearch. Click
here to establish your sponsor login.
Public access to reports is available at www.capsresearch.org.
First-time visitors to the CAPS Research website need to
Register to create a user login to access reports.
CAPS Research is a global research organization jointly sponsored by the W. P. Carey
School of Business at Arizona State University, and the Institute for Supply Management™.
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