Read about: CAPS Founder Harold E. Fearon, Member Webinar- Best Practices in Forming Centers of Excellence, Metrics of Supply Chain, AI in the Supply Chain, Network Design in Logistics

An executive overview of recent research about Third Party Risk Transparency and Visibility. 

Learn more about the research to understand the processes and technologies being used to map the sub-tiers of the supply chain, how to spot and identify financial or operational distress, how to isolate risk in the sub-tier and more.

Supply management ROI is a simple way to communicate the value your supply management group delivers to stakeholders. In 2022, every US$1 invested in supply management returned $7.05, an average of all companies’ ROI using reduction + avoidance savings.

Read about: Third Party Risk, Technology Solutions, Recession, Optimize Supply Chains, AI and Data Centers

Based on a recent CAPS Research survey, the top 5 software solutions being used for sourcing and procurement are SAP Ariba, Salesforce, In-house tools, Coupa BSM, and Microsoft Azure.

A business case is made for both domestic and overseas sourcing with the primary factor related to market dynamics and customer demand.

Read about: Integrated Sourcing, JIT Strategy, PO Automation, Report on Business, Manufacturing Supercycle, Chip Supply Chain

In a new CAPS Survey about Inventory and Warehouse Management, respondents report the top 3 performance metrics are Inventory Accuracy rate tracked by 71% of companies, Inventory Turnover rate tracked by 67% and On-time and In-full Inbound Receipts tracked by 54%.

Read About: Just-In-Time Systems, Sourcing and Procurement Employee Turnover, Warehouse Management Performance, Rates Hikes, Emissions, AI Policy, Autonomous Rail

Across the manufacturing and service sectors the largest percentage of companies, 38%, use 45-day payment terms. Meanwhile 36% use 30-day terms, 1% use 75-day terms and 11% use 90-day terms.