This Month at SIG – October 2021

Here's your monthly update on the latest thought leadership, networking events and training with SIG.

It’s hard to believe that we are making the final turn into 2022. It has been a wild year, with the Procurement function emerging to the forefront of the business from the pandemic. Procurement 3.0 is here and we continue to lead the conversation.

SIG Global Executive Summit

The SIG team is in overdrive to bring you our first in-person event of the year, the Global Executive Summit.  Delegates should come prepared for a state-of-the-art experience that immerses them in industry trends, best practices, innovations and solutions that are shaping high-performance teams and best-in-class procurement organizations. 

There’s still time to register for the Fall Global Executive Summit. To learn more about the Summit, check out the Summit website and share it with your team to plan your trip. 


Power Hour Webinars

Revolutionizing the MRO Supply Chain – The 20 Year Dream That Is Now Achievable with Buyerquest

For Asset Intensive companies, getting a handle on vendors, assets and parts has been a huge problem from a cost, risk, and performance standpoint.  Fragmentation and manual processes are time-consuming and limit the opportunity to use business intelligence to deliver new opportunities for success, growth, and innovation in supplier partnerships. 

Join this session to learn Skookum’s story, a 30-year leader in Facilities Management and Logistics Support, and their experience solving these problems through digital solutions that revolutionized their MRO supply chain, making a 20-year dream a reality. 


Building Resilient Procurement Organizations with Travel & Expense Technology

Procurement leaders can come out of the pandemic stronger by leveraging next-gen tools such as analytics, artificial intelligence, and automation.

Join this webinar with Kate Seagriff, Director of Strategic Sourcing from TripActions, and Aurélie Krau, Travel Consultant from Festive Road, as they explore the important role of technology to support these strategic goals and build resilient organizations.


Connecting the Dots Between ESG Objectives and Source-to-Pay Processes

The procurement function is key to executing and accelerating ESG initiatives as their strategies orchestrate where and how a company spends. Procurement can choose suppliers that conduct their business in a manner that aligns with the organization's environmental, social, and ethical standards.

Join a panel of experts from EcoVadis, TealBook, and Ivalua on October 21st for a SIG-hosted webinar where they will share best practices on how organizations can integrate ESG initiatives into their Source-to-Pay procurement processes.



Featured Content from Industry Experts

Procurement in the Spotlight: A New Agenda for a New Era

Procurement leaders gained significant political capital within their organization's thanks to their extraordinary efforts in managing recent disruptions. Now is the time for procurement to seize the stage. Learn how to position procurement as a strategic business partner while setting your team up for success against future uncertainty. 

Read this eBook to explore the five components of today's new procurement agenda.


Sustainable Procurement Barometer 2021

Developed jointly by EcoVadis and the Value Chain Innovation Initiative at Stanford Graduate School of Business, the Sustainable Procurement Barometer 2021 provides critical insights into the growing recognition that sustainable procurement is fundamental to building resilience throughout organizations and supply chains, mitigating risk and driving results.


Smart Solutions for Agile Procurement

Modern AI-powered agreement tools help procurement teams evaluate a broad base of contracts to identify risks, pinpoint opportunities for cost savings and provide rapid responses to sudden changes to the company’s ecosystem.

This whitepaper provides an overview of procurement challenges and presents an opportunity for today’s most ambitious teams to get ahead with smarter tools


Digital Disruption in Sourcing and Procurement

Procurement teams are often forced to rely on manual efforts or Business Process Outsourcing (BPO) to manage processes. Things like order-to-invoice matching can stave off value-leakage from bills with incorrect rates, services not consumed, expenses out of policy and the list goes on. With intelligent automation, sourcing and procurement teams can take back these functions while reducing their time spent on these processes.

This whitepaper, authored by industry veterans Lawrence Kane and Canda Rozier, provides easy-to-understand examples and use cases that show you how automation can raise the bar for the enterprise without being a data scientist or intelligent automation expert to realize the benefits.


Using Data Analytics to Manage GNFR Expenses and Improve Profitability

Uncovering potential savings in GNFR (goods not for resale) expense has become increasingly important, as many US retail and CPG companies have encountered constrained profit margins due to the Covid-19 pandemic. In this report, we explore the profit improvement potential offered by GNFR, leveraging proprietary survey findings. We also discuss how services and technology solution providers can help businesses reduce GNFR expenses through improved access to data analytics and automation.


GEP Spend Category Outlook 2021

The GEP Worldwide Spend Category Outlook 2021 report It’s a must-read report for all sourcing and procurement professionals, category managers, and supply chain leaders.

Check out the report for the global megatrends that will drive spend management and supply chain strategies this year and beyond.


Sourcing Industry Landscape Podcast

F is for Family: The SMC Squared Story with Dr. Patricia Connolly, Pt 2

Earlier this year, we sat down with Dr. Patricia Connolly, the CEO and Co-Founder of the leading IT talent provider, SMC Squared. Dr. Pat shared a bit about the company’s strategy and introduced us to the acronym used to describe their core values: FACE.

In this episode, Dawn and Dr. Pat dive deeper into the meaning behind the rest of the letters, build upon several of the other values SMC Squared strives to uphold and explore how they are maintaining the family-oriented inclusiveness the company was founded upon in the midst of the ongoing pandemic.

How Savings Forecasts and Procurement Operations Align with C-Suite Objectives

Dawn Tiura sits down with Edmund Zagorin, Founder and CEO of BidOps Inc., the first company to use artificial intelligence to fully automate supplier negotiations on this episode of the Sourcing Industry Landscape. Listen in to hear Edmund’s thoughts on the future of Procurement and how Procurement can align itself with the CFO and C-Suite to transform itself from a cost center into a driver of cost savings.

To receive the latest updates on SIG events, executive interviews and new industry research, subscribe to receive blog updates.


Desmond Williams, Digital Marketing Manager

Desmond Williams is the digital marketing Manager for SIG. He holds a Bachelor of Science degree in Entrepreneurship and a minor in Sociology from The Florida State University in Tallahassee, Florida. With a background in Marketing and Sales, relationships are at the core of his values.