This Month at SIG – August 2021

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

As demand continues to rock supply chains, we prepare for the future of procurement and risk mitigation with a host of exciting resources, industry research and webinars to elevate you in your role.

August Microlearning by SIG University: Contracting and A Holistic Approach to Risk Management

On August 4, University of Tennessee Faculty, Graduate and Executive Professor Kate Vitasek, and CEO of Commercial Officers Group, Jim Bergman, will explore key concepts around contracting in the new economy. That session will be followed by SIG Hall of Famer and Faculty Member, Lawrence Kane who will join negotiation expert and commercial contracting coach, Jeanette Nyden for a deep-dive discussion on a holistic approach to risk management. 

Join your sourcing, procurement, and risk management colleagues in this two-hour interactive virtual environment to be challenged with topics related to our industries!


Power Hour Webinars

Demystifying eAuctions – How to Source Smarter, Faster and Better

eAuctions are a great method for helping firms maintain speed to market in an economic environment riddled with scarcity, increased sourcing risk and complexity. The problem? Despite the many benefits that eAuctions offer, they are a grossly misunderstood and underutilized strategy. 

In this webinar moderated by SIG, GEP’s Director, Marin Aravind and Senior Associate, Lavanya Krishnan, will demystify eAuctions and share best practices that enable procurement to function as a profit center by improving cost visibility, driving incremental savings, enhancing compliance and optimizing efficiency.


Implementing Supplier Diversity: From the Personal to the Professional

On August 24, JAGGAER’s Vice President of Corporate and Product Marketing, Roger Blumberg, will moderate a discussion with Velocity Procurement co-founder, Maulik Shah and Jamie Crump, Supplier Diversity Advocate (among other things), as they tackle the concept of solving supplier diversity in combining both personal and data-driven aspects.

Join this discussion to dive into common misconceptions or challenges for diverse businesses and also hear personal stories on the importance of supplier diversity.


Cognitive Procurement: Procurement’s Productivity Playbook

With economic headwinds from the pandemic have now started receding, the procurement & sourcing teams are gearing up for the ‘next big shift’ - Cognitive Procurement.  It enables human capital resources to realize their full potential by effectively allying with Artificial Intelligence and Machine Learning to automate routine tasks, amplify insights through data analytics, and assist procurement professionals and end-users in making better business decisions.

Join Richard Waugh, VP Corporate Development at Zycus, for this live webinar to develop a clear roadmap for embracing the future of Cognitive Procurement.


Featured Content from Industry Experts

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

Procurement leaders gained significant political capital within their organizations 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.


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

On this episode of the Sourcing Industry Landscape, Dawn speaks with Dr. Connolly to discuss her robust experience, the history of how SMC Squared originated and how their model helps procurement organizations address the most common challenges with offshoring and outsourcing IT.

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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.