Across the manufacturing and service sectors, the largest percentage of companies, 32%, use 30-day payment terms. Meanwhile, 29% use 45-day terms, 26% use 60-day terms, 7% use 90-day terms, and only 6% report using 75- or 120-day terms. Understanding common payment terms is important for procurement professionals to align with industry standards, negotiate effectively, and manage cash flow. 

Read about a new framework for successful mergers & acquisitions in supply chain, new metrics on SCM roles across organizations, and participate in new research about scope 3 emissions and ESG. Find articles on emerging supply chain hubs, and an AI bot being assigned to a procurement role also included. 

18% of supply chain organizations regularly conduct stress testing using Generative AI for supplier risk assessments, scenario planning/risk simulations, and financial impact analysis. By leveraging AI for these tasks, procurement teams can make more informed, proactive decisions to strengthen resilience and reduce business risk.

Join the webinar on September 30 at 1:00 pm EDT to explore why theory driven strategies and frameworks are essential for effective AI adoption. Also, view a recording of the recent webinar demonstrating the new CAPS Metrics Dashboard, participate in new research on AI and talent management. 

Cost savings is a powerful KPI for demonstrating the value of supply management to the business. On average, strategic sourcing employees are delivering $7.9 million in total savings. How does your team compare?

Review the newly enhanced Metrics of Supply Management Dashboard. Also, join the webinar on September 9 at 1:00 pm EDT to explore the updated CAPS Metrics Dashboard and learn about Large Language Models (LLMs) and their impact on the profession.

Most survey respondents use fixed Per Diem allowances, typically using government rates as the cap. However, multiple methods are often used to validate these expenses. Effectively managing Per Diem allowances is essential to controlling project costs and ensuring compliance, especially when 60% of respondents must validate claims by location and travel dates, and many rely on audits and approvals to prevent misuse.

Ready to elevate your strategic decision-making? Join our webinar on September 9th at 1:00 pm EDT, to explore the newly enhanced PowerBI CAPS Metrics Dashboard, featuring five years of comprehensive supply management performance data. 

When the business engages the supply management group in purchasing and sourcing, it can increase savings, better leverage organizational spend, negotiate stronger contracts, and reduce supplier risk. Managed spend, as a percentage of sourceable spend, serves as a primary indicator of a company’s ability to capture value from the supply management process.

Read How Supplier Diversity Programs Are Changing + New ERP Quick Poll, & Sourcing Benchmarks. Register for the upcoming webinar, Rewriting the Rules of Global Trade & Sustainability