External analysis helps connect business requirements to the supplier base in developing a strategic approach to category management. It builds on preparation and internal analysis as the foundation for excellent category management outcomes.
CAPS News - 10 March 2021
CAPS is bringing new inspiration to both members and non-members, starting with a full docket of research and new category management knowledge.
The second step to create a category management strategy: internal analysis
Organizations rely on category management to build alignment between procurement strategies and business requirements. Internal analysis is a critical step for understanding the current state of procurement so you can create a category management system that delivers proactive, strategic support for your company.
Total Cost Savings
Our annual Metrics of Supply Management report provides KPIs for headcount, OPEX, spend, savings, ROI and more, broken out further across multiple industries.
Preparation is the first step in a solid category management strategy
Successful category management can help supply managers be more strategic with goods and services, align to the business, and leverage resources. Preparation – the ideal first stage in your playbook – sets the groundwork for excellent category management governance and accountability.
CAPS News - 24 Feb 2021
We delve into the best first step in your category management playbook, implementing AI, and big post-pandemic shifts in the health sector.
Investing More in Strategic Roles
As companies identify priorities and fill gaps, strategic hires of supply management professionals shift to reflect organizational needs. Compared to last year, supplier diversity positions increased by 1.4%, category managers by 3.9%, and data analysts by 1.1%.
CAPS News - 10 Feb 2021
Cashflow has been the lifeblood of many companies post-pandemic. We explore payment terms, the evolution of the auto industry, sustainability & more.
Supply Management ROI
Supply management (SM) return on investment (ROI) is a simple way to demonstrate the value of the function. To calculate your organization’s SM ROI – a powerful metric to communicate the value you deliver to stakeholders – divide cost savings (reduction + avoidance) by supply management operating expenses.