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The Center for Advanced Purchasing Studies Reveals an Innovative Program to Position Fortune 500 Companies for the Future

FOR RELEASE: October 15, 1999

  Zenobia Daruwalla
  NAPM Media Relations
  480/752-6276 ext. 3015

(Tempe, Arizona) - On September 9, 1999, the Center for Advanced Purchasing Studies (CAPS) revealed its latest research endeavor.

"This is the most profound research project that has been done in the history of our profession. The research obtained from Project 10X will be so pertinent to our strategies - it will help us move in the direction we want to go." - R. David Nelson, C.P.M., Vice President of Worldwide Supply Management, Deere & Company.

Created by CAPS, Project 10X is a comprehensive plan designed to provide leadership, strategies, and visions for Fortune 500 companies determined to position themselves as leaders in supply chain management. CAPS' goal with Project 10X is to increase business performance by 10 times.

The project is headed-up by Dr. Robert M. Monczka, Director of Strategic Sourcing and Supply Chain Strategy Development for CAPS and the Director of Project 10X. Dr. Monczka oversees the project, including the collaboration of vision, strategy and practice planning sessions, and field research.

"Project 10X provides the opportunity to focus on establishing a future vision for sourcing and supply chain management on an on-going basis. The project pulls together a number of key people and organizations enabling a very focused effort. We are able to provide future-oriented, leading-edge information improving the competitiveness of firms worldwide," says Dr. Monczka.

Companies wanting to push the envelope in supply chain management can team up with CAPS to identify current and emerging best practices, and develop future best practices, all catered to their organization. CAPS will then determine the roadmaps necessary to reach the companies' goals within the next 5 to 10 years. Creating a vision for purchasing and supply chain management that is applicable and relevant across industries, Project 10X establishes strategies for future success.

"CAPS is pleased to have Dr. Monczka join us on a full-time basis to provide leadership for Project 10X. Under his guidance, the project will provide great value to companies that support CAPS research and the purchasing profession," says Dr. Phillip L. Carter, Director of CAPS.

The Center for Advanced Purchasing Studies (CAPS) was established in 1986 to address the need for industry-oriented research in purchasing and supply. CAPS is sponsored by the National Association of Purchasing Management (NAPM) and the College of Business at Arizona State University. In addition to benchmarking and best practices reports, CAPS conducts focus study research that provides in-depth analyses of purchasing trends. CAPS' International Executive Purchasing Roundtables assess research needs and provide networking opportunities for purchasing executives. For more information, visit CAPS' Web site at www.capsresearch.org.

The National Association of Purchasing Management is a not-for-profit association that provides national and international leadership in purchasing and supply management research and education. The association exists to educate, develop, and advance the purchasing and supply management profession. NAPM provides members and nonmembers alike with opportunities to expand their professional knowledge and skills. NAPM is comprised of 182 affiliates with more than 45,000 members throughout the United States and Puerto Rico.





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