SIG Speaks Blog

SIG Speaks Weekly Briefing - May 28

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

Artificial Intelligence and Its Impact on Procurement and Supply Chain

Read how GEP is breaking down some of the essential AI concepts and showcasing the game-changing applications that they believe are most relevant in procurement and the supply chain.

eBook on Artificial Intelligence Essentials

Artificial Intelligence is the topic of many business conversations where often the fantasy is of intelligent robots doing more work with less time and resources. Not all of the promises related to AI are unfounded. Read this eBook to learn how AI’s potential can transform procurement.

Ariba Live Barcelona

SIG’s CEO and President, Dawn Tiura, will be speaking at SAP Ariba Live. Join her there!

Latest Future of Sourcing Articles

Future of Sourcing continues the "Women in Global Sourcing series" with Tracy Scheid. Tracy is the Vice President of Operations at Workspend. She is a strategic and results-oriented leader with over 30 years of experience aligning business goals with talent acquisition strategies.

Hailey Corr, Content Manger

Procurement Myth-Busting - Putting Misconceptions to Rest

Many companies are on missions to improve their procurement processes. One technique that caught my eye is an approach used by the U.S. government, which started in 2011 when the Office of Federal Procurement (OFPP) , a unit of the Office of Management and Budget began disseminating a series of “myth-busting” memos.

The concept is interesting because it is aimed at helping procurement people (many of whom have been in their jobs for their entire career) realize that policies and practices are much different than what they have learned over the years. The first memo explains that “with expenditures of over $500 billion annually on contracts and orders for goods and services, the federal government has an obligation to conduct our procurements in the most effective, responsible, and efficient manner possible.”

So what are some of the common myths? One is a major misconception that the government can’t meet one-on-one with potential suppliers as they seek the best way to develop a strategy or prepare for a competitive bid. Sadly, many in government procurement believe this is not allowed, because talking to one supplier can unfairly disadvantage other suppliers that are not also called into meetings.

The myth-busting memo sets it straight, pointing to the Federal Acquisition Regulation (FAR), in Part 15, which actually encourages exchanges of information with interested parties during the solicitation process; this then ends with the receipt of proposals. “There is no requirement that the meetings include all possible offerors, nor is there a prohibition on one-on-one meetings,” the memo says.

Kate Vitasek, Educator and Expert, University of Tennessee

SIG Speaks Weekly Briefing - May 20

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

Artificial Intelligence and Its Impact on Procurement and Supply Chain

Read how GEP is breaking down some of the essential AI concepts and showcasing the game-changing applications that they believe are most relevant in procurement and the supply chain.

New eBook on Supplier Risk

Which sourcing innovation practices are yielding the best outcomes for your enterprise peers? Participate in the Pinnacle Model™ study for a complimentary summary of the findings.

SAP Ariba Live Barcelona

SIG’s CEO and President, Dawn Tiura, will be speaking at SAP Ariba Live. Join her there!

Latest Future of Sourcing Articles

Many European companies are following the trend to “nearshore,” as opposed to “offshore”. Read how Poland is emerging as a leader in IT outsourcing.

Dominic Irvine gives insight into finding a work/life balance and the keys to time management in the workplace.

Hailey Corr, Content Manger

When the Future You Expect Never Arrives

When the future you expect never arrives and business predictions fall short of their mark, the culprit is—more often than not—bad or missing data. Procurement staff must ensure their data is accurate from start to finish so that their forecasts have the desired outcomes. 
 
Idioms abound about how to tackle future challenges such as “past results do not guarantee future performance” or conversely, “those who do not learn history are doomed to repeat it.” We have all seen or heard these intuitive phrases. On the surface, they would seem to be at odds. In reality, they address two different concepts associated with using the past (data) to understand, predict and influence the future.  
 
Similarly, when it comes to projects that involve the need for data, whether it is to predict sales to manage inventories or to train a system to automate a process, success hinges on having the right set of data to use as input to the decision making process. Today, where machines are often making decisions, the notion of “right set of data” becomes a lot harder to understand. This is because machines learn in a different way and the rationale for the output they produce is difficult to reconstruct. 
 
Machines do not have the intuition or the critical reasoning that can help to elevate or discount one data point over another. Input data must be accurate, representative, and free from bias so here are some key guidelines about your data to help ensure successful projects:
 
1. Accurate Data. Having accurate data is essential because a machine can learn on both accurate and inaccurate data, but only accurate data provides the desired results: a machine that provides output, which is reliable.
 
Greg Council, Vice President of Product Management, Parascript

SIG Speaks Weekly Briefing - May 13

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

Artificial Intelligence and Its Impact on Procurement and Supply Chain

Read how GEP is breaking down some of the essential AI concepts and showcasing the game-changing applications that they believe are most relevant in procurement and the supply chain.

New eBook on Supplier Risk

Your suppliers’ risks are your risks. It’s time to develop a comprehensive risk management program that protects your brand, customers, and bottom line in a world where global supply chains are symbiotically intertwined and interdependent.

Western Regional SIGnature Event

Join SIG and top industry leaders May 16 for a full day of top-notch thought leadership. The stars of the western part of the United States are coming together in Bellevue, Washington.

Latest Future of Sourcing Articles

As a business leader you get 360s, so why doesn’t the business you lead? Mark Teitell, of The Trium Group gives, insight into the benefits of doing a similar process for your business.

Hailey Corr, Content Manger

SIG Speaks Weekly Briefing - May 6

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

This Month at SIG

If your April was full of showers (real or figurative), we hope you can seize the opportunity this month to make things bloom and reap the benefits of your hard work. Read about the important things happening at SIG in May to give you a boost.

Artificial Intelligence Essentials

Artificial Intelligence is the topic of many business conversations where often the fantasy is of intelligent robots doing more work with less time and resources.  Not all of the promises related to AI are unfounded. Read this eBook to learn how AI’s potential can transform procurement.

Thought Leadership Webinar - Gaining Control, While Improving Quality, of your Contingent Workforce Program

Join SIG and VectorVMS June 4 at 1pm ET for a webinar to learn how to look at your contingent workforce program more strategically -- no matter where you are in the maturity of your program. 
 

Sourcing Innovation Pinnacle Model™ Assessment

Which sourcing innovation practices are yielding the best outcomes for your enterprise peers? Participate in the Pinnacle Model™ study for a complimentary summary of the findings.

Hailey Corr, Content Manger

This Month at SIG – May 2019

You know the saying…April showers bring May flowers, and May happens to be my favorite month of the year. With the flowers blooming, the humidity low (at least where I am in Mid-Atlantic US) and more hours of sunlight to enjoy, I can’t help but get excited for the start of May. If your April was full of showers (real or figurative), I hope you can seize the opportunity this month to make things bloom and reap the benefits of your hard work. Here are a few important things happening at SIG in May to give you a boost.

FUTURE OF SOURCING AWARDS NOMINATION DEADLINE IS MAY 15

Speaking of reaping the rewards of your work, have you considered submitting a nomination to win a Future of Sourcing Award? We are accepting nominations until May 15 to honor and celebrate individuals and organizations that show innovation, leadership and transformation in areas that are critical to the sourcing industry. The 2019 Awards will bring together some of the brightest minds in the industry to create a truly remarkable experience.  

Has your team made a successful impact toward moving our industry forward? Consider submitting a nomination to recognize their achievements with a Future of Sourcing Award! The team awards recognize companies who are fundamentally influencing the world of sourcing in new and innovative ways. There are also individual award categories to honor the personal accomplishments of sourcing professionals.

Heather Schleicher, Senior Marketing Director

SIG Speaks Weekly Briefing - April 29

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

The Strategic Sourcing Lifecycle

Regardless of the specific definition that is chosen, strategic sourcing is a process that is designed, and employed, to maximize the value of each purchase made by the company. It is an evolving process that matures and adapts as the needs of the organization change.

Artificial Intelligence and Its Impact on Procurement and Supply Chain

Artificial Intelligence is the topic of many business conversations where often the fantasy is of intelligent robots doing more work with less time and resources.  Not all of the promises related to AI are unfounded. Read this eBook to learn how AI’s potential can transform procurement.

Thought Leadership Webinar - When it Comes to Sourcing, ERPs Can’t Do It All: Here’s How Modular Software Solutions Help

Join SIG and Bonfire May 2 at 1pm ET for a webinar to learn how out-of-box sourcing solutions can be leveraged to support traditional ERPs, and avoid unwanted risk.
 

How Prepared is Your Company for a Recession?

Suplari invites finance and procurement leaders to take their Recession Survey. Share your thoughts and receive indispensable analysis and strategies to recession-proof your organization.

Hailey Corr, Content Manger

SIG Speaks to Kelly Bengston, CPO at Starbucks

Kelly Bengston is Senior Vice President, Chief Procurement Officer at Starbucks. Kelly is responsible for enhancing Starbucks enterprise-wide functional strategic sourcing and supplier relationships, creating consistent global sourcing processes, developing a sourcing talent management program and building a values-based approach to working with suppliers across all categories of the business.

Kelly has held numerous leadership positions during her 8-plus years with Starbucks. Most recently, Kelly served as Vice President of Starbucks Global Supply Chain’s Strategy & Deployment team, a new team created under Kelly to support Starbucks supply chain’s aspirations of becoming digitized, strategically aligning resources against priorities and building capabilities through long-term capacity planning and supply chain intelligence.

Prior to joining Starbucks, Kelly gained broad experience in packaging, product development, manufacturing, and project management at Macy’s, Bensussen Deutsch, Cranium and Hasbro. She enjoys running, traveling, and spending time with her family. Her favorite Starbucks beverage is Nitro Cold Brew.

Kelly will share her expertise with attendees at the Western Regional SIGnature Event in Bellevue, WA on May 16th. 

Can you share a little more about your day-to-day role and responsibilities as the Chief Procurement Officer for Starbucks?

I am fortunate to have an amazing job, working for an amazing company.  My day-to-day is filled with connecting with great partners and suppliers to deliver products and services to our stores and customers.   

Heather Schleicher, Senior Marketing Director

SIG Speaks Weekly Briefing - April 22

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

New eBook on Supplier Risk

Your suppliers’ risks are your risks. It’s time to develop a comprehensive risk management program that protects your brand, customers, and bottom line in a world where global supply chains are symbiotically intertwined and interdependent.

Sourcing Innovation Pinnacle Model™ Assessment

Which sourcing innovation practices are yielding the best outcomes for your enterprise peers? Participate in the Pinnacle Model™ study for a complimentary summary of the findings.

Hailey Corr, Content Manger

Pages