Supply management (SM) return on investment (ROI) is a simple way to communicate the value your supply management group delivers to stakeholders. To calculate your organization’s SM ROI, divide cost savings (reduction + avoidance) by supply management operating expenses.
Tracking supply disruptions with emerging tech
More than half of the companies we surveyed (59%) use emerging technology to identify and monitor disruptions in the supply chain. Although technology underlies each of these solutions, human-driven decisions still dominate the process of identifying and monitoring supply chain disruptions.
Suppliers in high-risk countries
Within the next 18 months, 49% of companies plan to shift supply away from high-risk countries to strategically adapt to supply chain disruptions. Companies say the top risks driving the move are operational (70% of companies), logistical (65%), and geopolitical (50%).