Access a Roadmap to Implement Advanced Analytics, Learn about Leveraging Advanced Analytics in the COE, Gain an overview of 5 Analytic Tasks
Average Cost Savings
Cost savings is a powerful KPI for demonstrating the value of supply management to the business. On average, supply management employees are delivering $6.9 million in total savings. How does your team compare?
CAPS News-24 July 2024
Read About: View the "Operational Excellence" webinar now available on replay | Read about Strategies, Framework and Scorecards around Risk And Resiliency
Spend Per Category Manager
Across industries, category management employees comprise an average of 18% of the total supply management headcount. As more companies embrace a formal category strategy approach and invest in this strategic role it opens the door for increased spend and savings per FTE, in addition to increased protection from risk. How does your company compare?
CAPS News-10 July 2024
Read About: New CAPS Research Study, Managed Spend Data, Managing Maintenance and Construction, Latest Report On Business
Headcount in Strategic Roles
According to the 2024 CAPS Metrics of Supply Management report, 28.6% of the total headcount is in the tactical role of transactional buying. As companies identify priorities and fill gaps, strategic hires of supply management professionals should help decrease the number of tactical roles that could be moved to a shared services group.
CAPS News-26 June 2024
Read About: Access the Newest MoSM Survey, Register for our Risk Management Webinar, Read about Supply Management ROI, View the New Metric Dashboard, Prove Your Value with Key Metrics
Barriers to Sustainability
Lack of performance measures (40%), lack of business case (37%), and unsupported system integrations (37%) are the primary barriers to adopting sustainability criteria in supplier selection according to a recent study released by CAPS Research. These numbers will likely persist until universal sustainability standards and a clear business case motivate companies to integrate initiatives into their sourcing processes.
CAPS News-12 June 2024
Read about: Supplier Risk Assessment Process, Estimating Risk, Third-Party Risk Management, ISM's Report On Business
Top Uses for Generative AI
Results from a recent report from CAPS Research show that 38% of companies are using Generative AI for cleaning spend data, 29% use it to analyze marketing and category intelligence, and 26% to help users through requisitions, guided buying, etc. This data suggests engaging Generative AI in procurement could bring a significant boost to productivity and profitability.