CAPS News-30 October 2024

Sustainable Purchasing Journey Roadmap

Companies beginning the journey of sustainable purchasing can benefit from the five-step roadmap and procurement capability maturity model available in the CAPS library. From the report Incorporating Environmental Sustainability Criteria in Sourcing Decisions, these tools are practical for any business. They provide a starting point for organizations just beginning the journey and potential goals for those ready to take the next step.

[Access with CAPS Library]

CPO Insights – Talent Skills Gap

A recent quick poll report highlights the top three talent gaps in technical and qualitative skills as identified by Chief Procurement Officers. The leading technical skill gap was found to be "demand planning and forecasting," while the top qualitative skill gap was identified as "strategic perspective."

[Access with CAPS Library]

Quick Poll - Reporting Cost Reduction Savings  Integration Drivers

Within the utility industry, most responding organizations report cost reduction savings from multi-year agreements over each year of the agreement's life. However, the majority of responding organizations do not report savings that were only realized in the first year.

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CAPS Stat: ESG Integration Drivers

Based on recent CAPS survey results, regulatory compliance and customer pressure are the biggest drivers for integrating environmental sustainability into the selection process for suppliers. Product quality and cost reduction seem to be of minimal or no influence, potentially indicating that companies’ efforts are driven more by external forces than internal adoption. Click here to read more

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