CAPS Researchers created a 4-step roadmap for the successful adoption and implementation of advanced analytics in supply chain. With the growing importance of data analytics supporting SCM decision-making, it’s critical that companies know the steps to effectively implement advanced analytics.

Dive into the essentials of ESG, from understanding climate science basics with IPCC methods to integrating ESG criteria into your sourcing and supplier selection processes.

Over the past couple of years, the Metrics of Supply Management Report shows there has been a slight increase in Center-led companies (+6%) and a decrease in Decentralized (-6%). Companies that undergo organizational 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.

Access a Roadmap to Implement Advanced Analytics, Learn about Leveraging Advanced Analytics in the COE, Gain an overview of 5 Analytic Tasks

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?

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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?

Read About: New CAPS Research Study, Managed Spend Data, Managing Maintenance and Construction, Latest Report On Business

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.

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