As a result of the COVID-19 pandemic, companies are increasing material inventory across the board, led by the manufacturing sector at 55%.
Assessing sub-tier suppliers
In a recent survey, "Responding to the COVID-19 Pandemic," 75% of CPOs say they're assessing sub-tier suppliers - a drastic increase over last year's data.
Travel Bans and Revenue
Are the U.S.-imposed travel bans impacting your company's revenue? CAPS surveyed 74 CPOs of Fortune 600 companies, and we're sharing results broken down by sector.
Travel Bans, Suppliers, and Employees
In a survey of 74 CPOs, we explored the disruptions that U.S.-imposed travel bans are causing for Fortune 600 companies.
SM's Adoption of New Tech
Supply management organizations are increasingly adopting new technology to adapt to current business needs, boost efficiency, and increase cost savings.
Centers of Excellence
69% of the companies we surveyed have or plan to have a center of excellence in the next two years
Supply Management Tariffs & Trade Wars
81% of companies report a moderate to significant impact on the business from tariffs & trade wars.
Supply Management ROI
Supply management return on investment (ROI) is a simple way to demonstrate the value of the function, calculated by dividing cost savings (reduction + avoidance) by supply management operating expenses.
Investing in More Strategic Roles
It’s important for organizations to evaluate their needs and consider strategic headcount as they design the supply management organization of the future...
SM employees to total employees
While the strategic focus of supply management groups is quickly expanding, increased responsibility is not supported by growing headcount. Many supply management groups, in fact, are expected to do more with less...