This Month at SIG – February 2022

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

2022 is off to a fast start and the future of procurement is squarely in view. We have a host of resources, insights and events to prepare you for procurement 4.0!


February Microlearning by SIG University

Stakeholder Engagement has shifted dramatically over the last few years, making way for Procurement’s traditional tasks to become automated. So what should you be armed with to be a vital asset for the business? Join Anita Weise, former VP of Procurement at Vail Resorts as she gives a thought-provoking discussion about the new lens into Stakeholder Engagement! She will be joined by Daryl Hammett, Global Head of Lead Management and Operations Amazon Web Services (AWS), who will lead an exciting deep-dive discussion.

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

 

A Flexible (and Fast!) Way to Get Certified Now

Did you miss our 2021 open cohort start dates? We have fast-track and self-paced options for all programs if open cohort semester timings do not work for your schedule! Have a large group from your organization interested in taking the program together? We also offer closed cohorts for groups of 20 or more that can start when it is best suitable for your team, and volume discounts are available!

Power Hour Webinars

Vendor Risk Masterclass: Post-Contract Vendor Due Diligence & Monitoring

Join Ed Thomas, SVP from ProcessUnity, for the best practices on building a world-class, post-contract vendor monitoring engine!

 

Top of Mind CPO Issues for 2022

In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. 

After a rollercoaster in 2021, how can you pivot and plan for a successful Procurement strategy in 2022? Join Procurement experts, Vishal Patel, Ivalua's VP of Product Marketing and Hackett Group's Principal and Global Procurement Advisory Practice Leader, Chris Sawchuk for an interactive discussion on anticipating disruptive trends and growth projections.

 

Learning Lab: Elements of a Contract

Think you know contracting? Our legal experts will provide a high-level overview of the various elements included in successfully executing working contracts that support sourcing. Join this informative session with live Q&A!

 

Contracts are Data, and Data is the Lifeline of Your Sourcing Organization

Join Evisort experts Memme Onwudiwe and Navin Mahavijiyan, to learn how modern sourcing teams are using the power of AI to uncover critical data within their contracts to save money, time, and mitigate risk.in Ed Thomas, SVP from ProcessUnity, for the best practices on building a world-class, post-contract vendor monitoring engine!

 

Featured Content from Industry Experts

The Future of Procurement, Today: How leaders can seize the moment by digitizing procurement

SIG and Globality, the world’s only AI-powered Marketplace and Platform for B2B services, partnered to produce a study looking into why B2B services remains one of the greatest untapped opportunities to drive business value. The results of the study were presented to procurement leaders from leading global companies interested in learning how they can use digital transformation to gain competitive advantage at a recent CPO & Executive Virtual Roundtable.

Download the full report for key findings from the survey, as well as a summary of the benefits of digitization and how to overcome the main challenges procurement executives are facing during their digital transformation journeys.

 

Your Guide to Procurement and Supply Chain Success in 2022 

If the supply chain disruptions of 2021 have taught us anything, it’s that the rules of the game have changed — forever. Facing this fundamental shift, supply chain and procurement leaders need to know how to navigate an altered playing field and rethink their approach in 2022 to move forward in a never-normal world. Where to begin?

The GEP Outlook 2022 report explores global business trends and features seven critical leadership themes that will help you proactively prepare for and power through the challenges ahead.

 

How will Sourcing for Outsourcing and Shared Services Change Going Forward?

Recently the Sourcing Industry Group (SIG) and DATAMARK, Inc collaborated on a short survey to look at the evolving trends and market perspectives for outsourcing and shared services, post pandemic.  The results of the survey were recently presented by Thom Mead, Director of Marketing for DATAMARK at the SIG Fall Summit in Carlsbad in October 2021. 

For those unable to attend the discussion, the findings are covered in further detail in a whitepaper, prepared for SIG members, which can be downloaded below.

 

2021 Gartner® Magic Quadrant™ for Procure-to-Pay Suites

In the 2021 Magic Quadrant Report for Procure-to-Pay Suites, Gartner evaluated procure-to-pay (P2P) solutions from 12 different software vendors. Coupa placed furthest for completeness of vision and highest for ability to execute in the Leaders Quadrant. Coupa received this position based on what we believe is our ability to help companies manage all types of spend across direct, indirect, and services.

Download this report to tap into Gartner expertise.

 

How to Ensure Your Digital Procurement Transformation Program Delivers on the Promise

GEP's new whitepaper highlights the steps CPOs need to take to ensure their transformation plans don’t flop. In addition, get valuable advice on avoiding pitfalls with a top-down approach. Download today to know what you want from a digital transformation.

 

5 Steps to Building a More Sustainable T&E Program Today

The TripActions Sustainability Guide brings you a comprehensive look at the environmental challenges facing global organizations today and how, with the right tools and information, enterprises can become agents of change at an individual and collective level.

Download the guide to learn the 5 principles you need to guide your business’s journey towards sustainability

 

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.

 

Sourcing Industry Landscape Podcast

Spend Matter’s Future 5 2021 – Featuring Circulor

Spend Matter’s has partnered with SIG for a 5 part podcast series to showcase this year’s Future 5 list – a group of newly emerged procurement technology start-ups that you should know about. Over the next 2 months leading up to our Procurement Technology Summit in April, we’ll be interviewing the founders of each featured company to find out what it means to be a Future 5.

Up first, is Circulor – a supply chain visibility vendor that tracks minerals starting at the mine and continuing to the OEM using reporting data and statistical process-control methodology. Dawn sat down with Circulor’s Founder and CEO, Douglas Johnson‑Poensgen, to discuss how Circulor is empowering businesses to achieve their ESG Goals. about the need for new opportunities, approaches and tools in the Purchasing Strategy realm.


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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.