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www.capsresearch.org
FOR IMMEDIATE RELEASE
Supply Strategies Important for Competitive Success
Implementation of critical supply strategies can be very important to the future
success of many organizations.
(TEMPE, Arizona) December 5, 2011 — To achieve supply transformations that
provide overall value creation, firms worldwide need to regularly assess the degree
of implementation of supply strategies they consider most important to the success
of their organization. With this in mind, and armed with the experience gained over
the past decade in developing, providing, and conducting supply assessments, CAPS
Research executed the 2011 Executive Assessment of Supply (EAS). The primary objective
of the 2011 EAS was to determine the importance organizations on a worldwide basis
place on various supply strategies, their level of implementation and the performance
resulting from these strategies. This report summarizes data concerning 22 supply
strategies and performance results from 119 supply organizations across 25 industries.
The Executive Assessment is being used by organizations to establish a baseline
for current and future analyses. The 2011 EAS is the third in a series; prior study
results were published in 2007 and 2009.
The authors, Robert M. Monczka, Ph.D., C.P.M., and Kenneth J. Petersen, Ph.D., report
the 10 most important and implemented supply strategies were:
- Engagement by Corporate Executives and Business Unit Leaders
- Vision, Mission and the Strategic Plan
- Commodity & Supplier Strategy Process
- Strategic Cost Management
- Procurement & Supply Organization Structure & Governance
- Human Resource Development
- Total Cost of Ownership
- Structuring & Maintaining the Supply Base and Cross-Functional/-Location Teaming
- Measurement & Evaluation
- Establishing World-Class Supplier Quality
These strategies focus on the building blocks required to achieve an effective supply
organization and strategy as well as specific supply and supplier strategies critical
to achieving year-over-year supply performance improvement.
The complimentary Focus Study report "Supply Strategy Implementation: Current
State and Future Opportunities 2011" is available on the CAPS Research
public website
www.capsresearch.org.
First time visitors will be prompted to
register
to access the study. For more information about this report or other reports, contact
CAPS Research research@capsresearch.org.
Celebrating twenty-five years of research excellence! CAPS Research is a nonprofit
research organization founded in 1986 to provide leading research to our strategic-minded
corporate sponsors and to the public. Our mission is to work in partnership with
a global network of executives and academics for the discovery and dissemination
of strategic supply management knowledge and best practices. CAPS Research is jointly
sponsored by the W. P. Carey School of Business at Arizona State University, the
Institute for Supply Management™, and Global 1000/Fortune 500-size organizations.
Media Contact:
Debbie Maciejewski
Marketing Manager
CAPS Research
800-888-6276 extension 3046
Email:
dmaciejewski@capsresearch.org
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