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CAPS News - April 2020

The current pandemic has caused major disruptions in our personal and professional lives, testing our own resilience as well as those of our supply chain networks and organizational strategies. The gravity of the situation is not lost on us, and our heart goes out to those experiencing hardships. To assist you in your practice, we've curated a Coronavirus resource page with helpful resources, regardless of membership status.

Monthly metric:
Accuracy of Spend Classification
Want more? Visit our CAPS Stats archives for more great metrics

78% of companies deal with spend that is classified incorrectly (e.g. IT spend misclassified as marketing spend). 

An average of 21% (median 18%) of spend is misclassified. The top three causes of this are:

  • Incorrect classification code assigned
  • Classified as “miscellaneous”
  • Inaccurate General Ledger code was used

Source: Accuracy of Spend Classification benchmarking report, CAPS Research, 2020.

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Coming soon:  
The Metrics of Supply Management

Be sure you’re on the list to receive our most popular metrics survey and find out how you stack up against other global supply management groups. Metrics include spend, savings, ROI, headcount in various roles, OPEX, etc.

Contact benchmarking to request the survey or to see the full list of metrics.

Compelling reports in the CAPS Library:
Supply Chain Financing
Create a free account to access this report now

With the pandemic disruptions hitting many buying companies and their suppliers, some procurement leaders are looking at Supply Chain Financing (SCF) - leveraging the supply chain to fund the organization and/or leveraging the organization to fund the supply chain. This in-depth research report (55 pages) addresses key topics that include:

  • The enabling role of trade finance
  • Supplier relationship building through SCF
  • Dynamic discounting
  • Payment timing to optimize cash
  • Supplier perspective of SCF

Read Supply Chain Financing: Funding the Supply Chain and the Organization to learn more! Click the button to login and access the report or create a free account now

Advance your practice with CAPS Research

In these changing and unpredictable times, you’re tasked with finding solutions to many new and repeated challenges. Join the CAPS network of global supply management leaders and learn how best-in-class companies are using CAPS benchmarking, best practices, and insights from one another to inform their strategy and achieve their goals.

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Every month, we're rolling out research and benchmarking reports to non-members in the CAPS Library with a free CAPS Library account. And as a reminder, non-members who participate in surveys get access to the metrics.

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