CAPS News-16 April 2025

Embrace Experimentation to Foster Innovation

Unlock the transformative power of experimentation with Mahyar Eftekhar in our upcoming webinar!

Don't miss this opportunity to learn how leading companies adopt the mindset that "everything is a test," allowing them to make informed decisions and drive innovation.

Discover practical, low-cost strategies to address pressing societal issues through hands-on experiments. This essential session is designed for organizations eager to stay ahead and enhance their decision-making processes. Join us to gain valuable insights and elevate your approach to experimentation!

Secure your spot today and embrace the future of informed innovation!

[Register Today]

Tracking Market Trends that Impact Suppliers

Our latest report reviews the strategies Procurement and SCM organizations use to monitor market trends that impact their key suppliers. This report provides an overview of the proactive approaches taken to track market trends, the indicators monitored to detect changes in suppliers' strategies, the reliability of these indicators, and the technology used to integrate market insights into strategic decision-making.

[Access with CAPS Library]

Communicate Procurement’s Value 

If you're under pressure to reduce costs or staff, it's crucial to communicate your department's value. Refer to the tips and metrics from a recent webinar - starting at the 21-minute mark on page 25 of the presentation- which outline how to effectively convey the procurement department's worth to the organization.

[Access with CAPS Library]

How Does Your Organization Compare? 

Key metrics from CAPS’ Metrics of Supply Management survey are commonly used to justify the need for procurement personnel and to demonstrate their value.
  
• Organizations recognize an average of $6.9 million in total savings (reduction + avoidance) for each strategic sourcing FTE. 
• On average, there are 69 supply management FTEs for every $1 billion in sourceable spend.  
• The average amount of sourceable spend managed per supply management FTE is $35.6M 

[Access with CAPS Library]

Strengthen Your Procurement Organization with CAPS Metrics

Did you know that by comparing your FTEs per $1B in sourceable spend to industry benchmarks, you can assess whether your team is leaner than average?

If your professionals are managing significantly higher spend levels than the benchmark, it builds a compelling case for additional headcount to improve efficiency and drive greater value.

CAPS metrics offer solid, data-backed support for staffing discussions—and now is the time to take advantage. The CAPS Metrics of Supply Management Survey is now open, and your participation is key.

Not only does it strengthen our benchmark data, but it also enables us to provide you custom comparisons that support smarter, data-driven decisions about your team’s size and structure.

Reach out to metrics@capsresearch.org today to make sure your team is signed up.