We delve into the best first step in your category management playbook, implementing AI, and big post-pandemic shifts in the health sector.
Preparation is the first step in a solid category management strategy
Successful category management can help supply managers be more strategic with goods and services, align to the business, and leverage resources. Preparation – the ideal first stage in your playbook – sets the groundwork for excellent category management governance and accountability.
Investing More in Strategic Roles
As companies identify priorities and fill gaps, strategic hires of supply management professionals shift to reflect organizational needs. Compared to last year, supplier diversity positions increased by 1.4%, category managers by 3.9%, and data analysts by 1.1%.
CAPS News - 10 Feb 2021
Cashflow has been the lifeblood of many companies post-pandemic. We explore payment terms, the evolution of the auto industry, sustainability & more.
Supply Management ROI
Supply management (SM) return on investment (ROI) is a simple way to demonstrate the value of the function. To calculate your organization’s SM ROI – a powerful metric to communicate the value you deliver to stakeholders – divide cost savings (reduction + avoidance) by supply management operating expenses.
CAPS News - 27 Jan 2021
How post-inaugural executive orders impact the supply chain, 7 key stages of category management strategy, pandemic recovery, and more relevant supply management news.
How 2021 executive orders impact supply chain
Robert B. Handfield, Ph.D. of North Carolina State University provides a perspective on U.S. President Joe Biden's post-inaugural executive orders, and what they mean for supply managers.
Retaining early-career supply management pros
What are the most effective compensation practices for retaining early-career supply management professionals? According to companies, performance bonuses top the list at 62%.
7 stages to business-aligned spend strategies
A category management playbook can serve as an excellent guide for supply management professionals. Here are seven stages you should include.