Stacy Mendoza's blog

Organizational Transformation Begins with You

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“Fake it ‘til you make it.” This unattributed idiom (with a nod to Aristotle) is oft-used advice to people early in their careers. But how wise is it to follow? How many people have résumés that truly portray their strengths vs. a laundry list of what they want you to believe about their abilities? How confident would any shareholder be if they believed the CEO got to the top by faking their skills rather than building them? But more importantly, is it a person’s skills that give you confidence in their leadership abilities?

If you think about the last person who truly inspired you, was it their title…or the last three companies where they worked that piqued your interest? Was it their ability to run a shareholders’ meeting, analyze volumes of data and manage their exceedingly crowded schedule that excited you? Doubt it. When you think of someone who is truly motivational, you are usually moved by the things that don’t make it on to the résumé: their heart, integrity, authenticity and ability to enroll others in their beliefs and passions. It’s not because of their title.

It’s About Mindset

Too often, CEOs have the mindset that what has gotten them here will get them there. If they have successfully led profitable companies, why would they have any reason to believe they need to evolve? When things aren’t working, it doesn’t take much convincing that something has to change. But when they are…CEOs often don’t understand the need. They have the pedigree and the track record – and past accomplishments are a good indicator of future success – so why fix what isn’t broken?

Sarah Holliman, Chief Marketing Officer

SIG Speaks to Debbie Manos-McHenry, Chief Sourcing Officer, Huntington National Bank

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When she’s not challenging the status quo and meeting her budget targets at the bank, Debbie helps to make her community a better place as the leader of the Huntington Women's Network Business Resource Group and as a volunteer with various Columbus charity organizations. A big believer in the power of personal connections, Debbie talks about her role at the bank, the importance of utilizing technology and her tips for building professional relationships that can pay off down the line. Debbie is well-known in the SIG community as a member of the SIG Thought Leadership Council, the SIG University Advisory Board and she leads the Steering Committee of the Risk Management Association’s Third Party Management Round Table.

Your keynote presentation at the Columbus CPO Meet and Eat was about tail spend management--why is this such a hot topic?

Huntington’s sourcing team, like many other companies, is lean. Identifying ways to direct low-dollar, high-transaction volume spend to a consistent, repeatable process through catalogs, spot-buys amongst preferred providers or non-catalog PO’s helps focus the team on more strategic projects while maintaining cost discipline in the tail.

Stacy Mendoza, Digital Marketing Specialist

SIG's Career Network: Sourcing and Procurement Job Listings

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SIG’s Career Network helps job seekers, recruiters and companies find and recruit high-quality talent within sourcing and procurement. SIG member companies can post job listings on our Career Network or post available internships within their organizations. If you’re looking for your next career opportunity, check out our Job Listings page, which is populated with listings from some of the world’s leading companies.

Here are the latest job postings in the Career Network. To see all available opportunities, visit our website.

 

Strategic Sourcing Analyst

Axis Capital
Alpharetta, Georgia

The Strategic Sourcing Analyst will support strategic sourcing and contract administration processes for all categories, in addition to supporting team reporting, category spend analysis and technology support.  This is an individual contributor role regularly interacting with AXIS’s Chief Procurement Officer, as well as other senior strategic sourcing staff. The role has broad exposure to all aspects of the AXIS’s operations with the intent is to allow a successful individual to rapidly advance into a mid-level role responsible for day-to-day sourcing activity.

 

Manager, Strategic Sourcing – IT

Macy’s
John’s Creek, Georgia

Stacy Mendoza, Digital Marketing Specialist

SIG Speaks to Bruce Morton, Global Head of Strategy, Allegis Global Solutions

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Bruce is a distinguished thought leader and global innovator, with over three decades’ experience within the human capital and workforce management industry. In his current role, Bruce is involved in new services and product idea generation, sales presentations, internal and external evangelism, digital and social media strategies, and lead generation. He gives us an inside look into his role, how he acts as a key partner to the business and his outlook on the future of work.

Your CPO keynote presentation at the Denver CPO Meet and Eat is about leveraging spend management within services categories--why is this an important topic?

There is a lot of talk about spend analytics, data and how that is the future of success. Our position is that spend analytics is a wonderful tool and capability but we’ve yet to see the capability evolve beyond goods-level detail.  As procurement teams are continuing to try to find ways to better address services spend and deliver value to their organizations, we feel that there is tremendous opportunity by thinking differently about this space.

Can you share a little more about your day-to-day role and responsibilities as the Global Head of Strategy for Allegis Global Solutions (AGS)?

Stacy Mendoza, Digital Marketing Specialist

4 Things to Know Before you Launch a Category Management Program

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A category management program can put your organization on a path to achieve better outcomes, experience greater savings and result in an increased focus on collaboration and innovation. But launching a category management program is not just as simple as flipping a switch.

In our blog post, The Guide to Understanding Category Management, we provided you with a template to develop a business case for category management in a specific spend category and noted that category management is not to be confused with strategic sourcing, although it evolved from the overall strategic sourcing approach.

Before we jump head first into creating our category management program, there are some important considerations to take into account. The Hackett Group (Hackett) and GEP recommend addressing the following four critical needs for an effective program, which are summarized below.

>>Click here for everything you need to know about achieving greater value with a global category strategy.

#1: Create an organizational design to best meet the needs of procurement and the business.

Getting visibility into spend analytics is one of the first steps to implementing a successful and sustainable category management program. Then, with your spend data in place, you can begin to develop your category management plan.

Stacy Mendoza, Digital Marketing Specialist

This Month at SIG - October 2018

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"Life starts all over again when it gets crisp in the fall." - F. Scott Fitzgerald, The Great Gatsby

It’s the beginning of a new quarter and a new season. As we set our sights on end-of-year goals and put our heads down to meet year-end commitments, don’t forget about the personal and professional growth goals you set at the beginning of this year. Whether it’s attending a conference, taking an hour out of your day to learn a new skill from a webinar or getting a much-needed dose of inspiration from a podcast, SIG has you covered.

Last Call to Register for the Global Executive Summit

SIG’s Fall Global Executive Summit is just around the corner. Sourcing and procurement professionals will convene in Rancho Mirage, California from October 15 to 18 for learning, growing and networking. If you’ve already registered for the Summit, download the SIG Events app to your mobile device or tablet to plan your schedule in advance. 

For seasoned and new attendees alike, there’s lots to see and do at the Summit. Whether it’s validation that you’re managing your own projects in the right way or crowdsourcing a new idea, here’s what you can expect from this year’s Fall Global Executive Summit:

Stacy Mendoza, Digital Marketing Specialist

The Shifting Cyber Threat Landscape

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With the rapid acceleration of cloud software, Internet of Things (IoT) and advancements in FinTech, the financial and technology industries saw significant increases in cyberattacks over the past year. Attackers find vulnerabilities in supply chains and software, capitalize on lax security updates and use social engineering to manipulate end-users.

As hackers become more creative in their subversive techniques, businesses need to become more proactive in educating their workforce and stepping up their cyber incident response plans. Businesses should consult with their vendors, third-party suppliers and stakeholders in every business unit to ensure continuity, mitigate risk and verify that security measures are being employed and regularly updated.    

Below are summarized findings from the recent NTT Security Global Threat Intelligence Report that focus specifically on the finance and technology sectors in the Americas, which account for the most highly targeted attack sectors in this region. Recommendations from the National Institute of Standards and Technology Framework are included here as well. Organizations can also look to the Department of Homeland Security’s National Cyber Incident Response Plan for guidance on dealing with and addressing cyber incidents. 

Finance and Technology Top the List of Targets

Attacks to the finance sector nearly tripled, accounting for 43 percent of attacks compared with 15 percent the previous year. Attacks targeted at the technology industry sector increased to 27 percent of attacks, up from 11 percent in the previous year. For comparison, manufacturing was the most attacked sector in 2016, with 23 percent of attacks, but has since fallen to five percent of attacks in 2017.

Stacy Mendoza, Digital Marketing Specialist

This Month at SIG - September 2018

This month, SIG shares the keynotes for #SIGFall18, interviews with leading industry experts and a special opportunity to win an Amazon gift card.

Don’t Miss the Big Event

The SIG Fall Global Executive Summit is just around the corner! We have an exciting lineup of keynotes, breakout sessions, a new Future of Sourcing Awards ceremony and lots of networking opportunities to make the connections that will pay future dividends.

The Global Executive Summit keynote speakers come from a wide range of industries to bring you well-rounded, insightful and unique perspectives on the issues and trends shaping the industry today. We are pleased to introduce our keynote speakers who will drive the conversations at #SIGFall18!

Fireside Chat with Coupa CEO Rob Bernshtyn and SIG CEO and President Dawn Tiura

In this session, SIG CEO and President Dawn Tiura will put Coupa CEO Rob Bernshteyn on the hot seat for a grilling on the state of the sourcing industry. Rob has extensive experience running cross-functional teams and scaling companies from the early start-up phase into successful public companies. Got spend management questions? Now’s the time to ask them. 

How Relevant Will Procurement Be in 2020?

Do you ever wonder what your job will be like in 2020? Turns out you’re not the only one. Get the inside scoop from a panel of procurement executives on how to stay relevant when new technologies emerge on the scene.

Panelists include:

Stacy Mendoza, Digital Marketing Specialist

Interview with Jon Kesman, Head of Services Procurement, Allegis Global Solutions

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Jon Kesman is the Head of Services Procurement with Allegis Global Solutions (AGS). With more than 20 years of procurement operations, sourcing and category management experience across various industries and global organizations, Jon is responsible for developing strategy, structure and operations for AGS’ procurement product. A self-proclaimed procurement geek, Jon shares what he’s learned over the course of his career, his definition of success and what excites him about the changes and development in procurement today.

Can you talk about your background and education--how did you get involved in procurement?

I actually have my degree in Purchasing and Operations Management from Michigan State University, so it’s all I’ve really known from a professional perspective. I guess I am officially a procurement geek! I started my career as a buyer at IBM. Then I moved on to procurement and sourcing consulting roles with Accenture where I was exposed to so many elements of value within this space, whether that was a full-on procurement transformation effort, or just some sourcing work to drive savings. I’ve spent over 20 years now in various procurement roles, almost evenly split between both the buy-side and the sell-side.

Stacy Mendoza, Digital Marketing Specialist

This is the Future of Sourcing

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New technology, competitive drive and the desire to upend the status quo to influence innovation and enhance value are important characteristics for sourcing and procurement professionals in today’s world. As the digital transformation continues to accelerate at an unprecedented and exciting pace, SIG wants to recognize the change makers, movers and shakers who show innovation, leadership and transformation in areas critical to the sourcing industry.

This week, SIG announced the finalists for the inaugural Future of Sourcing Awards taking place at the Fall Global Executive Summit in Rancho Mirage, California, on October 17. A panel of 14 senior executives judged nominees in eight team categories and two individual categories. The teams and individuals listed below demonstrated ingenuity, initiative and innovation and showed the greatest achievements in terms of fundamentally changing the nature of their business and/or industry.

Please join us in congratulating the 2018 Future of Sourcing Awards finalists!

Innovations in Sourcing

  • GEP - Digital Procurement Transformation for a University System
  • GEP - Procurement Transformation with a CPG Client
  • HERE Technologies - Internal Sourcing Transformation Project
  • VSP Global - Spend It Like Its Yours (SILIY) project

Innovations in Outsourcing

Stacy Mendoza, Digital Marketing Specialist

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