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FOR IMMEDIATE RELEASE
Supply is Becoming More Strategic at Firms Worldwide
Implementation of critical supply strategies can be very important to the future
success of many organizations.
(Tempe, AZ) November 12, 2008 – To achieve significant and successful supply transformations,
firms worldwide need to assess how well they are implementing supply strategies
considered most important to the success of their organization. With this in mind,
CAPS Research executed an Executive Assessment, the primary objective of which was
to determine the importance organizations worldwide place on various supply strategies,
their level of implementation and results achieved from these strategies. This report
summarizes data concerning 23 supply strategies and performance results from 110
supply organizations across 24 industries. The Executive Assessment is being used
to establish a baseline for current and future analyses.
The authors, Robert M. Monczka, Ph.D., C.P.M., and Kenneth J. Petersen, Ph.D., report
the 10 most important and implemented supply strategies were:
- Human Resource Development
- Vision, Mission and the Strategic Plan
- Engagement by Corporate Executives and Business Unit Leaders
- Commodity and Supplier Strategy Process
- Strategic Cost Management
- Measurement and Evaluation
- Functional Leadership and Business Processes, Practices and Systems
- Procurement and Supply Organizations Structure and Governance
- Total Cost of Ownership
- Structuring and Maintaining the Supply Base
The research also explored the role between supply strategy implementation and selected
supply performance measurements.
Click on the following link to access the Focus Study, "Supply Strategy Implementation:
Current State and Future Opportunities":
http://www.capsresearch.org/publications/pdfs-protected/monczka2008.pdf
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CAPS Research is a nonprofit research organization founded in 1986 to provide leading
research to our strategic-minded corporate sponsors and to the public. Our mission
is to work in partnership with a global network of executives and academics for
the discovery and dissemination of strategic supply management knowledge and best
practices. CAPS Research is jointly sponsored by the W. P. Carey School of Business
at Arizona State University, and the Institute for Supply Management™.
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