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CAPS News - March 2020

Novel Coronavirus is causing unprecedented disruptions in global supply chains and in our professional and personal lives. As a result of precautionary measures, we and many other companies are taking advantage of virtual workspaces to continue to provide you with the knowledge that inspires your practice. In the meantime, the CAPS team hopes you and yours are safe and healthy, and that life and business normalize as quickly as possible.

Monthly metric:
Supply Management Transformation
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Is your Supply Management group undergoing a well-defined, substantial transformation effort? We asked 54 companies from different industries the same question, and 42 (78%) said yes. 

When asked where the transformation initiative originated:

  • 60% of companies said the CPO level leadership
  • 33% said the C-suite / enterprise-driven
  • 5% said a business unit / operating division
  • 2% said a third-party / consultant

Source: Supply Management Transformation, CAPS Research, February 2020.

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Coming soon:  
Emerging Technology and Supply Management – opens March 25
The Metrics of Supply Management – opens April 8

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  • Find out how you stack up against other global supply management groups
  • Metrics include spend, savings, ROI, headcount in various roles, OPEX, etc.
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Compelling reports in the CAPS Library:
Supply Chain Costing Strategies
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Does your company have annual cost savings goals that Supply Management is expected to achieve?  Most companies do, but more importantly, how are these goals established? CAPS wanted to know, so we asked a group of CPOs:

  • How cost savings goals are established
  • If spend categories are differentiated based on their life cycle stage, and how
  • What variables are taken into consideration when setting the targets
  • The strengths and weaknesses of their current approach

Read Supply Chain Costing Strategies - Establishing and Achieving Cost Goals to learn more! Click the button to login and access the report or create a free account now

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In these changing and unpredictable times, you’re tasked with finding solutions to many new and repeated challenges. Join the CAPS network of global supply management leaders and learn how best-in-class companies are using CAPS benchmarking, best practices, and insights from one another to inform their strategy and achieve their goals. 

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