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.

Top skills and capabilities needed in 2023 for Supply Management Centers of Excellence (SM COE) employees include problem solving, supply management experience, and cooperation.

Over the past 4 years, the percentage of Supply Management Centers of Excellence (SM COE) in Discrete Manufacturing has decreased, while increasing in Process Manufacturing and Service Sectors.

On average, 71% of companies surveyed provide monthly updates for net cost reporting, while 35% update quarterly and 12% update annually.

In 2023, the top 3 reasons companies create and use Supply Management Centers of Excellence (SM COE) are to drive standardization, best practices, and skill building.

According to almost 200 supply chain executives, the 5 most important themes requiring attention in 2026 will be ESG, supply chain resilience, cost efficiency, implementation of technologies, and strategic alignment.

In the current inflationary environment, 56% of companies are including index data or estimated factors for inflation estimates in net cost calculations, with 39% including costs related to dual sourcing and 22% including carrying costs for increased buffer supply.

64% of supply chain organizations surveyed use a net cost methodology to offset cost-up impacts with cost-down strategies. Of those, 50% recognize cost avoidance as part of the net cost methodology. 

Across industries, 65 global companies increased the severity of future supplier risks for sustainability and climate change over the next three years, indicating a higher focus on environmental issues and their impact on supply chain disruptions.

91% of companies use a cost baseline while 73% use variance reporting and monitor supplier and plant information for tracking and managing cost changes.