CAPS Research

The Metrics of Supply Management provide an initial health indicator for an organization. Based on the following metrics, organizations have a concise snapshot of their performance and resource allocations: ? Spend:?Understanding your spend and benchmarking against your peers assists in understanding your organization’s performance as a gauge of success and an opportunity for refinement.? ? Operating Expense:?As a critical operation within your organization, understanding your team’s effectiveness and value to your organization is critical. These benchmarks help determine how you compare to other organizations. ? FTE & Spend:?Supply management FTE as a percent of company FTE is also a good indicator of understanding your procurement team size based on the size of your organization. ? Performance:?Metrics provide benchmarks to set a feasible KPI goal as you plan your organization's strategic plan.?Not only are the metrics great data points for goal setting, but also information you can share internally to demonstrate your teams value to the organization and stakeholders. Learn more: https://lnkd.in/g5RkWHzQ #capsresearch #supplychainbenchmarks #metricsofsupplymanagement

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. Members can access The Metrics of Supply Management: A Cross-Industry Report 2024?in the CAPS Library to see the full report.?#CAPSstats #supplychain #scm?

One of the many benefits of CAPS membership is access to CAPS Quick Polls, small audience sample surveys that members can request to gather the “pulse” on a hot topic in supply chain. A recent quick poll report about steel purchasing metrics helped a CPO right-size his team in comparison to a group of peer companies.?Data was collected to show steel spend per FTE, metric tons purchased per FTE, metric tons purchased annually, and more. Learn more:?https://lnkd.in/da7DFkAs #steelindustry #supplychaindata #capsresearch

The Metrics of Supply Management are the industry standard for performance metrics that measure the effectiveness and efficiency of supply management. Companies use this powerful data to track company performance internally and externally. Learn more:?https://lnkd.in/g5RkWHzQ #capsresearch #supplychainbenchmarks #metricsofsupplymanagement

?? CAPS E-newsletter Alert! ?? Check your inbox to stay on top of key supply chain insights, including: ?? Priorities & Challenges of the CPO/CSCO Discover how the priorities and challenges in supply chain are shifting, revealing new trends and strategies for the evolving field. ?? Webinar: Experimentation in Supply Management Join Professor Craig Carter on December 12th to learn how top companies use experimentation to drive success. Don’t miss this opportunity to gain actionable insights! ?? Talent Skills Gap Leaders cite demand planning, supply chain design, and technology expertise as the top skill gaps—critical areas to watch for in 2024. ?? Supply Chain Woes With rising risks from natural disasters to geopolitical tensions, companies are finding ways to turn challenges into competitive advantages. Catch up now and register for the upcoming webinar! https://lnkd.in/gJWQkg_J #capresearch

Sandy Hodes, CAPS Research Board Chair and CPO and Head of Corporate Development at Ryder Systems shares his thoughts on the value of the CAPS community. Learn more about CAPS membership: https://lnkd.in/gJgi23Zy #capsresearch #supplychainbenchmarks #supplychaindata

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). Members can access Quick Poll - CPO Insights - Talent Skills Gap?in the CAPS Library to see the full report. #CAPSstats #supplychain #scm?

One of the many benefits of CAPS membership is access to CAPS Quick Polls, small audience sample surveys to gather the “pulse” on a hot topic in supply chain. A recent quick poll report on the talent skills gap 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." Learn more about CAPS membership: https://lnkd.in/da7DFkAs #capsresearch #supplychaindata #supplychainmetrics

CAPS e-newsletter is in your inbox! Explore New Insights in Procurement and Sustainability and unlock valuable resources for your sustainable purchasing journey. From our Sustainable Purchasing Journey Roadmap to the CPO Insights – Talent Skills Gap report, these tools are useful resources! ?? Sustainable Purchasing Journey Roadmap: Start or advance your sustainability initiatives with this five-step roadmap, providing guidance from the Incorporating Environmental Sustainability Criteria in Sourcing Decisions report. ?? CPO Insights – Talent Skills Gap: See what Chief Procurement Officers have identified as critical gaps. ?? Quick Poll - Reporting Cost Reduction Savings: Discover reporting trends within the utility industry, showing how multi-year agreements impact cost savings reporting over time. ??CAPS Stat- ESG Integration Drivers, read about the top drivers for integrating ESG into the supplier selection process. https://lnkd.in/gTeB_CRn Find these resources and more in the CAPS library! #CAPSResearch

A circular economy, or circular supply chain, design process considers all aspects of the lifecycle. As companies set goals to reduce GHG emissions and their environmental footprint, single-use packaging consumption – one of the largest sources of resource consumption waste today – and use should be considered. Read the article on CAPS’ blog:?https://lnkd.in/g9tp69Ca #circulareconomy #GHGemissions #ESG