Cost savings is a powerful KPI for demonstrating the value of supply management (SM) to the business. On average, 21.8% of SM employees are in a strategic sourcing role, each delivering $9.1 million in total savings. How does your company compare?
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.
Supply Management Org Design
Spend Under Management
Supply Management Employees
Modeling & Machine Learning In Use at Top Orgs
AI in Supply Management
The Advantages of Choosing Diverse Suppliers
A Shift In Post-Pandemic Travel Policies
Sustainability & Supplier Compliance