Supply management ROI is a simple way to communicate the value your supply management group delivers to stakeholders. The overall 2024 ROI is 731%. Another way to express ROI is for every US $1 invested in supply management, the function returned $7.31 on average in reduction + avoidance savings. What other function can claim this type of return?

Read About: The Principles for Circular Packaging, Participation on Benchmarking, New Report about Payment Terms, Inventory Value

The second annual CAPS Research Metrics of Inventory Management report reveals the top 3 inventory performance metrics tracked are Average Inventory Value, Inventory Accuracy Rate, and Inventory Turnover Ratio. Average Inventory Value is a key metric allowing inventory managers to better align their strategies with overall business objectives.

Read About: Managing Procurement Technology, Emerging Technologies, Advice for 2024, and the new Member's Dashboard.

Transactional buying remains the biggest focus for supply management headcount, claiming 29% of resources. Strategic sourcing has the potential to produce greater value, but these resources are a smaller portion of the team mix at 23% overall.

Read how digitization, through cloud-based services and emerging technologies like AI, is transforming procurement. Read about discusses challenges in integrating multiple solutions and presents research on sourcing technologies, emphasizing the growing use of SaaS and in-house ERP systems to streamline supply chain management

Understanding the complexities of climate change science and the Intergovernmental Panel on Climate Change (IPCC) findings provide a foundation for navigating the climate change debate and informing future policy discussions.

Read about the second Iteration of the MoIM, Travel Expenses, Inventory Planning, COE Best Practices

Across the manufacturing and service sectors the largest percentage of companies, 31%, use 45-day payment terms. Meanwhile 30% use 30-day terms, 27% use 60-day terms, 11% use 90-day terms, and only 1% report using 120-day terms.

Read more with our New ESG Scorecard, Gain insights on Freight Spend Metrics, read the latest  Report on Business from ISM