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%.
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.
Retaining early-career supply management pros
What are the most effective compensation practices for retaining early-career supply management professionals? According to companies, performance bonuses top the list at 62%.
Job offers & early-career SM pros
What are the primary factors that increase acceptance of job offers by early-career supply management professionals?
Factors driving the implementation of category management
The executives we surveyed said the top factors driving the implementation of category management include creating value for the business as the top factor, followed by reduced costs, and reduced supply chain risk.
Online marketplaces are becoming more popular for B2B purchases. 73% of respondents are currently using or plan to start using online marketplaces.
Tactical v. strategic SM functions
Tactical sourcing activities are critical to keep organizations running smoothly, but supply management groups are now focusing more on strategy.
Most Commonly Assessed Risk Categories
We asked companies which risk categories they assess most often with “general performance and business risk” garnering the highest number of mentions at 44%.
SM Employees as a % of All Employees
Across industries, supply management personnel relative to all company employees is 1.6% this year.
Average cost savings per employee
Cost savings is a powerful KPI for demonstrating the value of your supply management group. How much total cost savings are your strategic supply management employees delivering?