CAPS Research

Nonprofit research center for supply management leaders, in partnership with @ISM and @wpcareyschool at @ASU

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The redesigned Metrics of Supply Management (MoSM) Dashboard, is here! An enhanced, PowerBI-driven tool giving CAPS members deeper insights and a stronger edge in today’s data-driven world. Learn more: https://t.co/cMfLZ5ricU
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🚨 What’s Changing in Procurement? Read more in your CAPS Newsletter! Our latest CAPS research reveals five key trends shaping today’s supply management landscape, read them here:
https://t.co/mF7GezmBPE
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Catch up on the latest news from CAPS Research!
➡️Hospital Mergers & Supply Chain Performance

➡️Adopting Emerging Technologies: a step-by-step guide

➡️Purchase Order (PO) Cycle Time Benchmarks
New survey data on average processing times.

Read here: https://t.co/zW621SDNIh

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Procurement/SCM leaders report top obstacles that impact their ability to effectively execute their roles are access to data that can drive decision-making, a shortage of talent, skills, and/or frequent turnover, and outdated technology/software. #CAPSstats #supplychain #scm

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Procurement/SCM leaders using these strategies can unlock significant cost-saving opportunities, boost operational efficiency, and contribute to overall organizational success. #CAPSstats #supplychain #scm

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While Generative AI use is increasing in supply chain, it is not without its challenges. As solutions to these challenges are discovered, the use of Generative AI is expected to increase.
#CAPSstats #supplychain #scm

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According to a recent CAPS quick poll, the top 3 ways a procurement/SCM team gathers market intelligence is through industry events and networks; free resources; and from paid third-party tools and subscriptions. #CAPSstats #supplychain #scm

[CAPS Research @CAPSResearch]

Want to spark innovation, make smarter decisions, and strengthen your procurement strategy?
✔️ Register for the experimentation webinar
✔️ Download: market trends report
✔️ View the webinar on procurement’s value
✔️ Join the CAPS metrics survey https://t.co/JeEOCQ1z6V

[CAPS Research @CAPSResearch]

The use of Generative AI in procurement has increased by 15% in the past year, mostly for creating documentation; translating, standardizing, or improving language; as well as analyzing spend to identify opportunities for savings or consolidation. #CAPSstats #supplychain #scm

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Catch up on the latest CAPS News: Explore the Power of Experimentation, Review Best Practices in Cost Savings Management, Discover our Guide to X-Shoring.https://t.co/iDVOXawfzC

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The most common methods that supply chain executives justify their investment in risk mitigation strategies are with ROI estimates, customer satisfaction, impact on cost, and revenue dollars at risk. #CAPSstats #supplychain #scm

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Organizations are currently implementing a number of strategies to manage the potential impacts of stricter immigration policies including accelerating workforce automation, partnering with educational institutions to build a talent pipeline, and increasing wages. #CAPSstats

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Stay Ahead with the Latest CAPS News 🚀
The supply chain landscape is shifting fast—CAPS Research is here to help you navigate the changes with data-driven insights and tools designed for strategic decision-making.
https://t.co/pzX3McRMdx

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Companies are currently implementing a number of actions in order to mitigate the impact of potential new tariffs. The leading action companies are currently taking is conducting comprehensive supply chain risk assessments with potential price impact analysis (63%). #CAPSstats

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The top strategies global organizations use to manage supply chain risks include increasing the number of countries as sources of supply; increasing the number of suppliers; buffering inventories; and reshoring or nearshoring. #CAPSstats #supplychain #scm

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Managed spend, as a percentage of sourceable spend, is a primary indicator of a company’s ability to capture value from the supply management process. Members can access The Metrics of Supply Management: A Cross-Industry Report 2024 in the CAPS Library. https://t.co/ipUM77GpJz

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Navigating Supply Chain Risks: Insights You Need to Know
🌍Geopolitical and Operational Risk Decision Matrix
📈 Top Risk: Inflationary Impact
🌱 Decarbonization and U.S. Manufacturing
Get the details: https://t.co/xyv5OV48An

[CAPS Research @CAPSResearch]

Supply chain leaders’ top priorities for the next 12 months are advancing cost savings management, digitizing the S2P/P2P process, advancing supplier risk management, and implementing Generative AI into procurement/SCM processes. #CAPSstats #supplychain https://t.co/HeyOmSlVNJ

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This week's newsletter:

Read more about CPO’s leaders indicating that a “shortage of people and necessary skills” are a primary challenge

🔗 Stay informed. Stay ahead. Read the full newsletter: https://t.co/YvLsYQgaj7

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The top 3 technologies used to manage inventory accuracy are ERP/Accounting Software, Barcode Scanners, and Warehouse Management Systems. Inventory accuracy gives you actionable insights into your stock levels and helps you make smarter business decisions. #CAPSstats #scm