71% of companies consider cyber security & data to be the highest risk for suppliers over the next 3 years.
CAPS News - 08 February 2023
In this week's CAPS news, explore supply management alignment with internal stakeholders, futures study webinar, logistics demand, manufacturing, chips, and more.
The CEO’s Support of SRM
On average, CEOs spend just 6% of their time with suppliers, while 18% said their organization is considered a “customer of choice” by their suppliers. Increasing the time CEOs spend with suppliers could potentially improve supplier collaboration and innovation and improve savings over the long-run.
CAPS News - 25 January 2023
Supplier risks of the past and future, last chance CAPS events, think beyond procurement, energy prices, and more.
When CPOs ranked their priorities over the next 12 to 36 months, 40% of respondents said ensuring continuity of supply will be their top priority over the next 12 months. Half of CPOs (49%) said advancing data analytics to a more mature level will be the top priority in the next 3 years.
CAPS News - 11 January 2023
In this week's CAPS News, identify supply chain interdependency risks and explore timely SCM topics like a decline in manufacturing and limitless energy.
Tactical v. Strategic Buyers
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.
Investing in More Strategic Roles
As companies identify priorities and fill gaps, strategic hires of supply management professionals shift to reflect organizational needs.
Managed Spend Growing Influence
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.