Companies that undergo organization structure changes as part of an enterprise-wide initiative or market-driven decision face a huge endeavor, but data indicates these changes don’t happen frequently. For the last three years, an average of 72% of companies say they’ve operated under their current org structure for five or more years (Metrics of Supply Management, 2019 - 2021).
Spend Under Management
Across industries, category management employees comprise an average 17.9% of the total supply management headcount, but each SCM employee manages hundreds of millions of dollars.
CAPS News - 20 Oct 2021
Navigate the world of renewable energy procurement, put your analytics to work, leverage data to support goals, and more in this week’s CAPS News.
Renewable Energy Procurement
Corporations worldwide have been purchasing renewable energy at a record pace in recent years, pushing wind, hydroelectric, and solar energy past nuclear and coal for the first time last year. Here, we consider SCM's role in renewable energy procurement.
Supply Management Employees
Across industries, a mere 1.3% of the total headcount is supply management employees.
Modeling & Machine Learning In Use at Top Orgs
Of the companies we surveyed, 73% use statistical modeling and 51% use deep machine learning. More on how modeling & machine learning is used at top organizations can be found in the CAPS Research report, Applying Advanced Data Analytics.
CAPS News - 22 Sept 2021
In this week’s CAPS News, learn how top companies are using analytics to model the future, be prepared for market distributions with risk metrics, and explore the latest news in worker scarcity, inflation, and more.
Supplier Risk Metrics
Assessing and measuring relevant risks is of vital importance to effectively manage and protect an organization. We discuss how to choose your risk metrics, refine your selection over time, and the importance of a supportive culture.
Applying Advanced Analytics: Beyond the Ordinary
Applying Advanced Analytics: Beyond the Ordinary looks at supply management organizations’ practical application of advanced analytics, including successful implementations of predictive and prescriptive procurement analytics models and their integration into mission-critical decision-making processes.
AI in Supply Management
Of the people we surveyed, 19% are currently using artificial intelligence while 34% plan to implement AI within 12 months. Top uses of AI include spend analysis, invoice processing, payment processing, and contract management.