Institute for Supply Management’s Post

Impressive data coming from CAPS on the value Supply Chain professionals bring their companies and clients.

Wow! $6.6M is the average cost savings delivered by each Supply Management employee, according to CAPS Research. Sure, this factors in cost avoidance too, but by my math, that's can be anywhere from a 20-40X ROI on the overhead investment which is INSANE! That's another reason we're seeing continued emphasis on building out top-performing supply chain and procurement functions. Over the past several years, we've seen this trend explode within the Private Equity space in particular, where efficiency and ROI is king. If you're strategizing on your supply chain and operations org structure or want an quick overview of the talent market, let's chat! #supplychainmanagement #strategicsourcing #procurement #operations #ROI #privateequity #randallpartners Randall Partners, LLC

ISM partners with CAPS Research to advance the supply chain profession, offering relevant and cutting-edge data to help you make better strategic decisions for your organization. Transactional buying remains the biggest focus for supply management headcount, claiming 29% of resources. Strategic sourcing has the potential to produce greater value, but these resources are a smaller portion of the team mix at 23% overall. 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 https://lnkd.in/ePrjZmSp

Cost savings is a powerful KPI for demonstrating the value of supply management to the business. On average, supply management employees are delivering $6.9 million in total savings. How does your team compare? 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 

How mature is your supply chain? 🌎 ⛓️ Discover how your company’s supply chain stacks up against others in our upcoming webinar, “How to Move Up the Supply Chain Maturity Curve” on July 31 at 11 AM PT. 🔥 Join this fireside chat to hear insights from Resilinc’s CEO Bindiya Vakil and CPO/CMO LeAnne Hester as they discuss strategic insights and actions that businesses can take to move up the supply chain maturity curve. Register now: https://okt.to/MKCZun #SupplyChain #SupplierRiskManagement #SCRM #RiskManagement #SupplyChainRiskManagement

90% of CSCOs are planning to invest to make their supply chain more agile. Learn how you can measure and improve your supply chain agility: https://gtnr.it/47xvcww #GartnerSC #SupplyChain #CSCO #BusinessAgility

Optimizing Your Supply Chain: Partnering for Success with LDM 🤝🚀 Tired of supply chain disruptions? Let's leverage technology and Lean Daily Management (LDM) to strengthen your relationships with suppliers and partners. How? Daily Huddles: Use LDM to track key performance indicators (KPIs) related to supplier performance, like on-time delivery and quality. Transparent Communication: Use collaborative platforms to share data, identify potential issues, and proactively address them. Continuous Improvement: Use LDM to analyze supplier performance data and implement solutions, fostering a culture of continuous improvement. This approach fosters trust, enhances collaboration, and ultimately leads to a more efficient, sustainable, and cost-effective supply chain. #SupplierRelationshipManagement #LeanManagement #SupplyChainOptimization #Sustainability #CostReduction #Innovation Lean Daily Management (LDM) Gestión de Relaciones con Proveedores y Socios https://lnkd.in/ecvRg7Xb

We're excited to share our latest case study on improving supply chain management processes while building process discipline. Discover how our innovative approach has streamlined operations and enhanced efficiency for our clients. Read the full case study here: https://lnkd.in/eBa4eKMN #SupplyChainManagement #ProcessImprovement #Efficiency #BPM #businessprocessmanagement

Enterprises grapple with a variety of #SupplyChain challenges, including evolving customer demands, planning constraints, and disruptions in production and distribution. In the face of recessionary pressures and geopolitical tensions, businesses are increasingly turning to third-party providers. Rather than simply seeking cost reduction, enterprises collaborate with providers to elevate value across the entire supply chain. The success of such partnerships is attributable to adept utilization of technology, domain expertise, and specialized talent. To meet evolving demands, providers are enhancing their capabilities by cultivating domain-specific expertise, forming strategic technological and consulting partnerships, and creating leading-edge solutions. The goal is to help enterprises navigate challenges while simultaneously reducing environmental impact and achieving sustainability goals. In this report, we examine the Supply Chain Management (SCM) market during 2022-23 and analyze it across various aspects including regional variations, buyer adoption trends, growth drivers, and key investment themes. Read on: https://okt.to/Jlq8ob

Enterprises grapple with a variety of #SupplyChain challenges, including evolving customer demands, planning constraints, and disruptions in production and distribution. In the face of recessionary pressures and geopolitical tensions, businesses are increasingly turning to third-party providers. Rather than simply seeking cost reduction, enterprises collaborate with providers to elevate value across the entire supply chain. The success of such partnerships is attributable to adept utilization of technology, domain expertise, and specialized talent. To meet evolving demands, providers are enhancing their capabilities by cultivating domain-specific expertise, forming strategic technological and consulting partnerships, and creating leading-edge solutions. The goal is to help enterprises navigate challenges while simultaneously reducing environmental impact and achieving sustainability goals. In this report, we examine the Supply Chain Management (SCM) market during 2022-23 and analyze it across various aspects including regional variations, buyer adoption trends, growth drivers, and key investment themes. Read on: https://okt.to/HtL834