SIG Speaks Blog

The value of the Certified Intelligent Automation Professional

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SIG University Certified Intelligent Automation Professional (CIAP) program graduate Brad Moncur disscusses how having a Certified Intelligent Automation Proffessional on your team will improve your companies process automating.

Brad Moncur, Channel and Partner Sales Leader, Medius Software, Inc.

5 Bold Predictions Insights Series (3 of 6) – Procurement Technology Acceleration

procurement predictions

ProcureAbility is pleased to publish its Bold Procurement Predictions for 2030 Insights Series to help Chief Procurement Officers make sense of it all, highlighting the new practices likely to become common by decade’s end including advanced crowdsourcing, procurement technology acceleration, cognitive computing, hyper cybersecurity, and virtual organization design.

In This edition, ProcureAbility continues its ‘Bold Procurement Predictions' Insights Series – the product of extensive research and input from a think tank of experts in the supply chain field – with a look at the rapid technology acceleration expected in the procurement practice by decade’s end. Chief Procurement Officers are already re-evaluating processes, with nearly one in four reporting that digital transformation is a strategic initiative in 2022.1 The majority of mid- to large-size organizations report using e-procurement and e-sourcing software, and we predict use will grow exponentially in the coming years. Artificial intelligence, machine learning (ML), and predictive analytics will replace human efforts for most administrative tasks. These seismic shifts in procurement technology stack will have a significant impact on how teams conduct business. Here are a few of the emerging technologies we expect to gain mainstream acceptance by 2030: 

Procurement Teams are Expanding Their Tech Footprint1

30% are using new technologies

Sourcing In the Midst of a Pandemic

Sourcing Strategies

SIG University Certified Sourcing Professional (CSP) program graduate Daniel Coggins shares how his organiztion has adapted their sourcing strategies to best suit the current challenges the pandemic has created for the sourcing world.

Daniel Coggins, Strategic Sourcing team, American Tire Distributors

Creating Effective Change in Third-Party Relationship Management

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SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Noelia Valentina Novoa Pena discusses the value of Third-Party relationship management and how it can help take your team to the next level.

Noelia Valentina Novoa Pena, Third-Party Risk Management, USAA

From The Outside-In

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SIG University Certified Sourcing Professional (CSP) program graduate Tracie Ninh shares an outside perspective for integrating the best sourcing practices into your team.

Tracie Ninh, Vice President Supplier Diversity Specialist, BNY Mellon

The Five Key Factors to Minimize Uncertainty & Maximize the Value of Your Sourcing Spend

sourcing inflation

Is inflation on your mind? You’re not alone. Rising costs lead to rising overhead—and rising stress about sourcing. 

Not only is it more expensive to get crucial goods and services today, but supply chain issues and labor shortages create extensive delays. These disruptions significantly affect large and small companies' production and inventory. 

Plus, rising fuel costs mean that getting everything from hand soap to building supplies requires an even bigger financial commitment, which could be going toward marketing, R&D, or expansion.

And yet, despite all the talk about the financial impact of inflation on sourcing, there’s an important point missing. 

Inflation, at its core, isn’t really about money. It’s about uncertainty. 

This is good news because organizations that solve for uncertainty can maximize value and thrive despite economic change.

How to Mitigate Uncertainty

There are five key factors that are crucial to navigating sourcing uncertainty when inflation, supply chain issues, fuel shortages, and labor issues mean certain goods and services are in short supply.

First, companies that can see what’s available and act quickly have a significant edge. Agility and increased visibility are key competitive advantages.

So is having the right partners. Solid relationships with a variety of vetted and trusted suppliers not only make it easier to purchase what’s needed. These relationships also significantly mitigate risk, reducing the likelihood of overcharging or receiving poor-quality goods and services. 

Third, having the ability to easily participate in community buys can dramatically increase leverage, reducing costs and increasing purchasing power. 

Prashanth Ravishankar, Vice President, Coupa

Supplier Relationship Compatibility

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SIG University Certified Supplier Management Professional (CSMP) program graduate Damilare Adeoye discusses why having a strong relationship with suppliers makes for more compatible businesses.

Successful supplier identification, qualification, and onboarding require a stringent supplier relationship check. This is important because it drives a long-term relationship with the supplier and the client, not based on cost, price reduction, or specification alignment.

This lesson, to me, is the art of any successful supplier relationship.

However, many procurement professionals and their organizations need to gain these skills. No wonder the relationship with the supplier is shabby, and most times, a one-way approach where the client is always looking for ways to save money and still get quality materials, and the supplier is always looking for ways to increase the price. "Any relationship that is not built on compatibility is a relationship that is heading for a crash."

In this essay, I introduce you to "what" a supplier relationship fit is and "how" to successfully develop a supplier relationship compatibility/fit, implementation, and management.


  • Supplier: An organization that provides raw materials, products, or services.
  • Compatibility: the state in which two things can exist or occur together without problems or conflict.

Supplier Compatibility is when an organization that provides raw materials, products, or services shares similar strategic approaches, goals, and objectives.

Oluwadamilare Adeoye, Supply Chain Category Manager, GEP Worldwide

Managing Artificial Intelligence Technology Risk

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SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Senthil Jagadeesan shares how important it is to manage the risk associated with artificial intelligence.


Certified Third Party Risk Management Professional (C3PRMP) Program from SIG University covered all areas of third-party risk management. It provided practical tips and guidance to tackle today’s challenges from Third-party risks. I have more than 15+ years of experience in the Banking & Financial Services industry. During this time, I have been involved in various regulatory projects and worked closely with Third Party Governance, Procurement, and Legal teams. In this essay, I would like to examine the technology risk area in general, and Artificial Intelligence (AI) risks in specific. Also, review the sources of AI risks, challenges faced by firms, specifically in Financial Services, in managing AI risks, and a practical approach to managing those risks.

Understanding the Problem

AI technologies and solutions are used in most industries, especially in financial services. Banks and financial firms use AI-based solutions or models to optimize their operations and remain competitive. However, many third-party vendors supply these services, which directly impact the AI-governed systems of banks or other businesses. Therefore, firms must understand how their business can be affected by AI-driven systems and how to manage the new and varied risks posed by third parties.

Senthil Jagadeesan, Head of Procurement Ops & Tech, Valley Bank

Building The Right Center Of Excellence For You

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SIG University Certified Intelligent Automation Professional (CIAP) program graduate Nick Fratto discusses how building a center of excellence for your organization can serve as a backbone for process automation projects.

Nick Fratto, Sales Enablement Specialist, Sourcing Industry Group

This Month at SIG – November 2022

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

With inflation challenges and a looming recession, we have the resources procurement leaders need to get a jump start on 2023!

November Microlearning Event

On November 9, Angela Easterwood from Majel Partners and Elizabeth Zucker from The Hackett Group, will share how flawless category management can be leveraged to address today’s dynamic sourcing challenges. 

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


Northeastern Regional SIGnature Event

SIG's Northeastern Regional SIGnature event is almost here! The event will take place in Toronto, CA and includes a fantastic agenda with some of the best thought leaders in the industry. The day will include an Executive Roundtable, General Session Speakers (offering training and practical, implementable tools), CPO Presentations, Analyst Overviews, SIG Talks and close with a networking happy hour.

Join us for this great day of networking and learning!


Power Hour Webinars

Analytics + Action = Results

Join LogicSource, Inc. and OneMarket's Jo Seed, Marissa Lindquist and Mark Flowers as they discuss the untapped value of an organization's data and empowering procurement teams!

Desmond Williams, Digital Marketing Manager