What words or phrases would company executives use to describe your company's supply chain organization?
Earlier this week, SCDigest summarized the latest Return on Supply Management Assets (ROSMA) report from AT Kearney, the Institute for Supply Management (ISM) and the Chartered Institute of Procurement & Supply (CIPS – basically the ISM of Europe).
As always, the 2016 report among other things includes data on the level of return companies receive from their investments in procurement staff and technologies - and again found major differences between leaders and laggards. (See Annual Return on Supply Management Assets Again Finds Huge Differences in Procurement Value Creation.)
But we also found in the report this interesting graphic that illustrates the different terms and phrases company executives, such as the CFO, used to describe high performing (what the report calls Leaders and Leaners) versus low performing procurement organizations (Inconsequentials and Strugglers) - and the differences are stark.
Source: 2016 ROSMA Report
The report notes that "While descriptions of Leaders and Leaners is overwhelmingly positive, the sentiment toward Inconsequentials and Strugglers is intensely negative, with 66% of stakeholders using words that describe underperformance," adding that "The Pack [middle performing procurement organizations] registered a neutral to slightly positive sentiment.
So SCDigest's question: What words would others in the company use to describe your company's supply chain or individual functional organizations such as transportation, distribution, or procurement? It might be eye opening to find out.
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