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Happy Holidays from CAPS Research!
Happy Holidays from CAPS Research!
Tactical buying remains the biggest focus for supply management headcount, claiming 31% of resources. Strategic sourcing has the potential to produce greater value, but these resources are a smaller portion of the team mix.
As companies identify priorities and fill gaps, strategic hires of supply management professionals shift to reflect organizational needs.
When the business involves the supply management group in purchasing and sourcing, it can increase savings, better leverage organizational spend, and negotiate stronger contracts. Managed spend, as a percentage of sourceable spend, is a primary indicator of a company’s ability to capture value from the supply management process.
Across industries, only 1.4% of the total headcount is supply management employees.