CAPS News - August 2019
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Are you making your cost savings work for you? According to our newly released 2019 Metrics of Supply Management report, in the CAPS Library now, the average cost savings as a percentage of managed spend is 5.7% (2.8% avoidance and 2.9% reduction). While the overall average cost savings has not changed much from the previous year (5.8%), our managed spend percentage has seen an increase. Organizations continue to drive savings in traditional ways, such as leveraging spend, but they are also pursuing alternative approaches such as unbundling, influencing demand and specifications, and getting involved in non-traditional categories.
The Metrics of Supply Management report details many of the metrics by sector and by industry. Some of our most popular metrics in the report give organizations comparatives and benchmarks to help drive change - managed spend, cost savings, supply management organizational design, strategic v. tactical, savings per employee, budgets, ROI, and so much more. As a reminder: even if you created an account before June, to access this report, create a new account in the new library now.
Quick fact: Investment Recovery
Complete a survey, get helpful metrics in return
Surveys are for both members and non-members. We love your data, and in exchange, everyone who completes a survey receives a complimentary copy of its metric report. CAPS members get extra love: breakout reports and custom survey opportunities. Sign up to participate.
SURVEYS IN THE PIPELINE:
- New Supplier Assessments (out now!)
- Supply Management Organization Maturity
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CAPS member events are where our benchmarking and research come to life and attendees like you create powerful networks that inspire and advance your practice. Take full advantage of membership and join us!
August 21: Prove Your Value with Key Metrics member-only webinar
Sept. 17: Sustainability: Smart Business for a Better World
Oct. 22-23: CAPS Supply Management Roundtable - North America
Nov. 21: Building the Research Pipeline
CAPS member companies are actively shaping the future of supply management. Join our worldwide network of corporate members and your questions can become the focus of our next benchmarking or research project. Let us help you transform your practice. Contact us to learn more.
Supply management professionals from member and non-member companies can participate in benchmarking surveys and get metric reports in return.