Supplier assessments and audits are an effective way to measure your suppliers' alignment with your organization’s supply management priorities.
What is your Supply Management ROI?
Supply management return on investment (ROI) is a simple and powerful way to demonstrate the value of the function.
SM's growing influence
Managed or sourceable spend is increasingly being managed by supply management and procurement groups. This growing influence results in a more strategic approach, increased savings, and greater protection from supplier risk. On average, 85 percent of spend for all companies, regardless of sector, is managed. How does your company compare? Source: The Metrics of Supply Management (Cross-Industry) Report, CAPS Research, July 2018. ...
What's your level of engagement?
Aligning and integrating with the business has become a high priority for supply management leaders as they drive strategic value into their companies. In the last year, tactical level engagement has dropped from 15% to 4% (as reported by respondents), while strategic focus has grown by 10%.
Strategic supply management employees create value
Cost savings is the most pertinent metric for demonstrating the effectiveness of the supply management group
Moving to the Cloud
Where is your ERP procurement module hosted? If you haven’t or don’t plan to move to cloud hosting, what’s your reason for hosting internally?
Profile of a CPO
The length of CPOs’ careers in procurement and supply management has grown over time. Less than 20 years ago, CPOs averaged 15 years in the function; in 2017, average years of experience grew to 21. The CAPS Research study 2017 Profile of a CPO includes trends on compensation, gender, mobility and many other job-related characteristics of the CPO. ...
SM employees v. total
The strategic role of the supply management group is expanding in scope, but at many companies, existing headcount levels and resources remain unchanged.