According to the CAPS MoSM Report, only 1.9% of the total headcount across all industries are supply management employees. The number has remained relatively flat the last five years, while the scope and expectations of the function have grown in contrast to other corporate functions. Some have used this metric (along with CAPS’ ROI) to justify an investment in headcount.

Read About: Priorities and Challenges of the CPO/CSCO, The Talent Skills Gap, Supply Chain Woes, and our upcoming webinar, Experimentation and Supply Management. 

A recent quick poll of supply management leaders revealed the top talent skill gaps. 50% reported the top technical skill gap was demand planning and forecasting, while 67% said the top qualitative skill gap was strategic perspective. Improving skills equates to improving profitability since teams with above median performance deliver greater ROI (Cost reduction/salary expense). 

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.

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.