Read About: Sustainable Purchasing Roadmap, CPO Insights- Talent Skills Gap, Latest Quick Poll about Reporting Cost Reduction, ESG Integration Drivers

As companies strive to reduce emissions and their environmental footprint, single-use packaging is one of the largest sources of resource consumption waste today.  This blog discusses the need for sustainable packaging practices and shifting responsibility from consumers to producers in both B2B and B2C sectors.

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.