Supply management teams with high levels of managed spend are better able to leverage spend, mitigate supplier risk, and bring more strategic value to the organization.
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.
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%.
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.