Supply management ROI is a simple way to communicate the value your supply management group delivers to stakeholders. In 2022, every US$1 invested in supply management returned $7.05, an average of all companies’ ROI using reduction + avoidance savings.
CAPS News - 18 October 2023
Read about: Third Party Risk, Technology Solutions, Recession, Optimize Supply Chains, AI and Data Centers
Top Procurement Software
Based on a recent CAPS Research survey, the top 5 software solutions being used for sourcing and procurement are SAP Ariba, Salesforce, In-house tools, Coupa BSM, and Microsoft Azure.
Overseas Sourcing and Business Case Considerations
A business case is made for both domestic and overseas sourcing with the primary factor related to market dynamics and customer demand.
CAPS News - 04 October 2023
Read about: Integrated Sourcing, JIT Strategy, PO Automation, Report on Business, Manufacturing Supercycle, Chip Supply Chain
Inventory Performance Metrics
In a new CAPS Survey about Inventory and Warehouse Management, respondents report the top 3 performance metrics are Inventory Accuracy rate tracked by 71% of companies, Inventory Turnover rate tracked by 67% and On-time and In-full Inbound Receipts tracked by 54%.
CAPS News - 20 September 2023
Read About: Just-In-Time Systems, Sourcing and Procurement Employee Turnover, Warehouse Management Performance, Rates Hikes, Emissions, AI Policy, Autonomous Rail
Standard Payment Terms
Across the manufacturing and service sectors the largest percentage of companies, 38%, use 45-day payment terms. Meanwhile 36% use 30-day terms, 1% use 75-day terms and 11% use 90-day terms.
CAPS News - 06 September 2023
Read About: Establishing a Supply Management Center of Excellence, Supply Management ROI, U.S., China Ease Trade Tensions, Trucking Challenges
Most Important SM COE Skills
Top skills and capabilities needed in 2023 for Supply Management Centers of Excellence (SM COE) employees include problem solving, supply management experience, and cooperation.