Explore employee training, skills gaps in supply management, the supply chain this holiday season, and more in this week’s CAPS News.
Closing the supply management skills gap
Is your organization lacking advanced analytics or emerging technology skills? As these skills become increasingly more important, it might be time to review your talent needs and identify skill gaps to address over the next year.
Total Cost Savings
Cost savings is a cornerstone KPI for most supply management groups, measured here as reduction and avoidance in managed spend. In 2021, Oil and Gas led with 7.1% total cost savings.
CAPS News - 17 Nov 2021
It’s all about talent and teams in this week’s CAPS News! Explore the supply management ecosystem, find where your team excels, focus your talent management, and other important supply chain topics.
Supply Management Org Design
Companies that undergo organization structure changes as part of an enterprise-wide initiative or market-driven decision face a huge endeavor, but data indicates these changes don’t happen frequently. For the last three years, an average of 72% of companies say they’ve operated under their current org structure for five or more years (Metrics of Supply Management, 2019 - 2021).
Spend Under Management
Across industries, category management employees comprise an average 17.9% of the total supply management headcount, but each SCM employee manages hundreds of millions of dollars.
CAPS News - 20 Oct 2021
Navigate the world of renewable energy procurement, put your analytics to work, leverage data to support goals, and more in this week’s CAPS News.
Renewable Energy Procurement
Corporations worldwide have been purchasing renewable energy at a record pace in recent years, pushing wind, hydroelectric, and solar energy past nuclear and coal for the first time last year. Here, we consider SCM's role in renewable energy procurement.
Supply Management Employees
Across industries, a mere 1.3% of the total headcount is supply management employees.
Modeling & Machine Learning In Use at Top Orgs
Of the companies we surveyed, 73% use statistical modeling and 51% use deep machine learning. More on how modeling & machine learning is used at top organizations can be found in the CAPS Research report, Applying Advanced Data Analytics.