Supply management must take action to mitigate risks resulting from Coronavirus, and plan for post-pandemic operations. We surveyed 115 major corporations to learn more about the actions they are taking and how they plan to move forward.
Taking Action to Balance Finances
Companies are tightening the purse strings in response to the pandemic and world events, with 75% restricting discretionary spending.
The Profile of an Ideal Category Manager
In a recent CAPS research report, 33% of companies said it's challenging to find the right talent. These are the skills and capabilities they think are important for a category manager.
Assessing supplier financial health
Whether you are vetting and onboarding new suppliers, creating a category strategy, or assessing supplier financial health, there are a number of ways to collect important information.
SM After the Pandemic
10% of all companies are executing post-pandemic plans while 81% are still in various stages of active planning
Pandemic and Personnel
53% of companies surveyed are implementing a hiring freeze due to the pandemic.
CAPS News - May 2020
Our second COVID-19 report is out. Plus, emerging tech and our popular Metrics of Supply Management survey.
40% of companies say increased demand for PPE is still their single greatest challenge.
42% of companies host virtual social meetings like happy hours to create an effective space for virtual teams.
Successful Category Management: Phases, Benefits & Challenges
Employing category management can help supply management practitioners to reduce risk while building stronger relationships with internal business stakeholders and external suppliers.