Supply management teams with high levels of managed spend are better able to leverage spend, mitigate supplier risk, and bring more strategic value to the organization.
What categories do you source with reverse auctions?
You may not be surprised by the list of categories that companies source through reverse or e-auctions, with direct materials and goods topping the list.
E-Auction use is on the rise
46% of companies currently using E-Auctions have increased their use over the last two years due to increased cost savings and process efficiency, market efficiency, reduction in risk, and effectiveness in running what-if scenarios.
SM Organizational Design
Global companies have shifted the organizational structure of their supply management and procurement groups through the years. What's your org's ideal design?
Supply management's growing influence
Sourceable spend managed by supply management/procurement groups is experiencing an uptick, giving companies more strategic contracting, greater savings, and increased protection from supplier risk. An average of 87.5 percent of spend is managed, for all companies across sectors. How does your company compare? ...
Cost savings per strategic supply management employee
Cost savings is a powerful KPI for demonstrating the value of your supply management group.
Managed Spend/Category Employee
When strategic employees on category management teams are managing increasing amounts of spend, it brings a more formal process and due diligence. This enables the organization to be more strategic, bottom-line friendly, and better protected from supplier risk.
Business Partner Engagement
Is your supply management group effectively engaging internal business partners? The most popular method companies are using is conducting category reviews.
China's control of the world's exotic minerals
Chinese leaders are actively repositioning the country from a manufacturing hub to a global power. Is your supply chain strategically safeguarded for the future of business with China?