Supply management return on investment (ROI) is a simple and powerful way to demonstrate the value of the function.
CAPS News - January 2019
As CAPS launches into the new year, we're excited to introduce you to our new Director of Corporate Membership and tell you about great new supply management research & metrics.
SM's growing influence
Managed or sourceable spend is increasingly being managed by supply management and procurement groups. This growing influence results in a more strategic approach, increased savings, and greater protection from supplier risk. On average, 85 percent of spend for all companies, regardless of sector, is managed. How does your company compare? Source: The Metrics of Supply Management (Cross-Industry) Report, CAPS Research, July 2018. ...
What's your level of engagement?
Aligning and integrating with the business has become a high priority for supply management leaders as they drive strategic value into their companies. In the last year, tactical level engagement has dropped from 15% to 4% (as reported by respondents), while strategic focus has grown by 10%.
CAPS News - December 2018
New research, new website, New Year. As we bring 2018 to a close, CAPS has many exciting things to share and opportunities for 2019.
Data Analytics Teams and Procurement
Procurement leaders are turning to data analytics teams to help them leverage the wealth of data available and meet business goals, but what skills should the team have? This research investigates assembling, structuring, retaining, and supporting the team. It examines how data analytics can facilitate procurement practices related to spend analysis, contract management, market intelligence, and supply chain risk. Insightful comments by CPOs at various stages of the data analytics journey offer a real-life look at how data analytics teams function and succeed in many organizations. Members: access this report in the CAPS Library now. ...
Strategic supply management employees create value
Cost savings is the most pertinent metric for demonstrating the effectiveness of the supply management group
CAPS News - November 2018
In our November newsletter, we look at some recruiting metrics, fresh out of our latest "Recruiting Talent" survey and more open surveys. We also talk about the importance of our Building the Research Pipeline meeting in January, in creating an interesting, valuable, and practitioner-focused research queue.
Moving to the Cloud
Where is your ERP procurement module hosted? If you haven’t or don’t plan to move to cloud hosting, what’s your reason for hosting internally?
Profile of a CPO
The length of CPOs’ careers in procurement and supply management has grown over time. Less than 20 years ago, CPOs averaged 15 years in the function; in 2017, average years of experience grew to 21. The CAPS Research study 2017 Profile of a CPO includes trends on compensation, gender, mobility and many other job-related characteristics of the CPO. ...