It’s hard to believe that we are making the final turn into 2020. It has been a wild year, with Tweet storms swinging the markets, the impacts of tariffs on supply chains and more companies than ever in the headlines for data breaches, but it has also been an exciting year. Gartner predicts that AI projects will double over the next year and IDC forecasts that global digital transformation spend will reach $1.18 trillion, a 17.9% increase over 2018.
These advancements have allowed procurement to grow from a back-office purchasing function to a strategic business partner, consulting on technology spend and adoption, supplier innovation, and increasingly, third-party risk management. With those themes in mind, we begin Q4 with the resources to help you finish out the year strong.
Fall Global Executive Summit
The SIG team is in overdrive to bring you a revamped Global Executive Summit that has a laser focus on innovation. Breakout sessions include digital transformation roadmaps, supplier relationship management and risk mitigation strategies, and the strategic sourcing success stories that will encourage and inspire you. We also have a lineup of keynote speakers who are senior practitioners and thought leaders:
- A Fireside Chat with Rob Bernshteyn, CEO of Coupa – SIG CEO and President Dawn Tiura sits down with Rob to talk about industry trends, business spend management and his outlook on the future of the CPO.
- Practical Advice for the Practicing Sourcerer: Mastering the Little Things -- Thought leaders from the finance, healthcare, aerospace and professional services industries will talk about how to negotiate with ease and adeptly manage stakeholders, risk, suppliers and categories to make you a better “sourcerer.”
- Love It or Lease It? How Finance and Procurement can have a Love-Love Relationship – A panel discussion that will show you new ways that the procurement and finance relationship can work together on topics such as financial reporting, spend analysis, accounts payable automation and supply chain finance.
- A Fiscally Fit Culture Can Spark Change, Innovation and Inclusion – VSP Global President Kate Renwick-Espinosa will highlight how organizations can adopt a culture of fiscal fitness through impactful activities, engaging content pushed through a variety of communication channels, and a tighter alignment between leadership and different groups.
The fall Summit is also host to the second-annual Future of Sourcing Awards in which the best and brightest individuals and organizations in the industry will be recognized for their innovation, leadership and transformation in areas critical to sourcing, procurement and risk management. Future of Sourcing Awards finalists in the team categories will hold Ted Talk-style discussions throughout the Summit so you can learn how they implemented innovative strategies that paved the way to their success.
There’s still time to register for the Fall Global Executive Summit. To learn more about the Summit, check out this informational brochure and share it with your team to plan your trip.
Key Issues Survey
Everest Group has a few questions about your impression of the market and your company’s priorities, challenges and initiatives from a global sourcing perspective. The survey will take about five minutes to complete and does not require you to search out or collate any data; please simply use your best judgment in responding to the questions.
For your participation, you will receive a complimentary version of the research results so you can understand market sentiments going into 2020, which will be useful for your strategic planning, including insights into issues such as:
- Organizations’ top growth challenges
- Potential impacts if the global economy weakens … or strengthens
- How organizations are viewing and investing in innovation
- Talent challenges and priorities
Achieving Sourcing Innovation: Key Practices and Technologies Leveraged by Pinnacle Enterprises
Presented by: Everest Group
Rapidly evolving business demands, technology-led disruption and a focus on outcomes are raising the stakes for innovation and making it a vital competency. In this session, Everest Group will share its latest findings in sourcing innovation research, taken in partnership with SIG and SIGInnova, on how the best performers, known as Pinnacle Enterprises™, are modernizing their sourcing practices.
Achieving Supplier Management that Shines: Lessons for Transformation
Presented by: Scout RFP
Supplier management is always tricky, but when your mission is to assess diamonds, rubies and other gems, supplier stakes are enormously high. Find out how GIA is transforming its supplier management processes to reduce manual work, improve timelines and simplify supplier onboarding.
The EcoVadis Sustainability Intelligence Suite: End-to-End Solutions for Sustainable Supply Chains
Presented by: EcoVadis
Join this webinar to learn how to make a step-change with a solution suite that spans the full spectrum of sustainability risk and performance management, including broad-scale supply chain risk screening and mapping, reliable scorecards with actionable ratings, and complete audit and improvement management.
Reducing Poverty Through Employment: Connecting SDGs 1 and 8
Presented by: The Business for Social Responsibility (BSR)
BSR is a global nonprofit organization that works with its network of more than 250 member companies and other partners to build a just and sustainable world. On the occasion of the International Day for the Eradication of Poverty on October 17, join BSR and the Global Impact Sourcing Coalition (GISC) for a practical discussion on how companies can connect the dots between Sustainable Development Goals (SDGs) 1 and 8 to create inclusive opportunities for productive and decent employment that lead to sustainable pathways out of poverty.
Stacy Mendoza is a Digital Marketing Manager with Sourcing Industry Group (SIG). Stacy began her career in market research as an editor for Hart Research Associates in Washington, D.C. Since 2014, she has worked in marketing and public relations, specializing in content creation, media relations and crisis communications. Stacy is a passionate volunteer who donates her time to help nonprofits develop marketing strategies and awareness campaigns. Stacy holds a Bachelor of Arts degree in English from The Florida State University in Tallahassee, Florida. Follow her on Twitter and tweet at @SIG_Stacy.