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.