When the business involves the supply management group in purchasing and sourcing, it can increase savings, better leverage organizational spend, and negotiate stronger contracts. Managed spend, as a percentage of sourceable spend, is a primary indicator of a company’s ability to capture value from the supply management process.
Members can access The Metrics of Supply Management: A Cross-Industry Report 2022 in the CAPS Library now. Anyone can reference the 2014 Metrics of Supply Management and industry breakouts with a free CAPS account.
