Check out the February round-up of new research from our industry partners, upcoming webinars to bookmark and the latest podcasts with procurement thought leaders and award winners.
Contract Risk Playbook: Risks Hiding in Plain Sight
This e-book is an advanced guide for corporate boards and senior executives to mitigate contractual risks. Included are steps to assess situations, take action and move forward, as well as a checklist for directors and executives.
February 5 – 5 Procure-to-Pay Trends to Watch in 2020 Presented by: Basware Now is the perfect time to take a look at the future of P2P. This webinar will cover new innovations in the P2P marketplace and the trends that will make the biggest impact this year.
February 25 – The State of Procurement’s Value Measurement: Evolution and Best Practices Presented by: Ivalua Today, successful value measurement in procurement requires understanding the mindset of stakeholders and leveraging the trove of procurement data that's available. Join this webinar for insight into best practices and to better understand changes in the industry that impact procurement’s value measurement.
What is the Sustainable Procurement Pledge and how did come about?
The Sustainable Procurement Pledge (#SPP) was born out of passion and is driven by a shared sense of responsibility. #SPP addresses people, not organizations. We are ultimately the ones who constitute organizations and who are making daily decisions in our workplaces. The biggest lever to have a positive impact is therefore with us! #SPP primarily addresses those who are connected to the Procurement function, procurement professionals, academics and students, but does not exclude anyone outside this area of activity. Those who feel concerned by the #SPP messages can start and join right away!
The idea was ignited by the Global Climate Strike on September 20, 2019. Adults and children, from all walks of life, made a clear statement and we were reminded about our prime responsibility: to leave our home, our ONE planet, in the same condition as it was entrusted us.
There are many great and profound sustainability initiatives already. They typically involve companies, governments, institutions and top leaders. However, we rarely see initiatives that address individuals. And yet, we all have the power to make impactful everyday decisions and gradually change the world. We fundamentally believe that many small changes ultimately lead to a big change?
Paul Polizzotto is the CEO and Founder of Givewith, a Service-as-a-Software solution that generates social impact funding opportunities for nonprofits that can be embedded into transactions between buyers and suppliers. As a social entrepreneur, he brings his expertise as the former founder of EcoMedia, which directed more than $100 million in funding and resources to environmental, education and community health and wellness programs across the country, improving the quality of life for more than 60 million people. Here he talks about the role of ESG scores on a company's bottom line and ways that sourcing and procurement can initiate cultural change in their organizations.
Givewith is a social impact technology platform – what does that mean and how does it work?
Givewith is a social enterprise creating innovative solutions that bring together companies and nonprofits to generate real, measurable impact – while simultaneously driving unprecedented business value. Givewith Enterprise is a SaaS solution that generates business-relevant social impact funding opportunities that can be seamlessly embedded into any transaction between a buyer and a supplier.
Here’s how it works:
Our platform analyzes companies’ sustainability and CSR performance based on robust data that’s important to their customer base and the investor community – enabling their company to amplify its strengths and improve weaknesses. The Givewith algorithm aggregates these insights and identifies the most effective nonprofit programs, which the buyer can easily add into any of their RFPs.
2020 will be a big year for many reasons: it’s not only the start of a new decade, but the upcoming presidential election will have enormous impacts on businesses and economies across the world no matter who occupies the White House. As the world’s supply chains brace for more uncertainty and try to read the presidential candidates’ tea leaves, the best thing that you can do is prepare yourself to stay ahead of the competition.
SIG University Offers New Intelligent Automation Certification
Kick off the new year with a professional certification from SIG University! Now offering four certifications, SIG University has partnered with Virtual Operations to provide advanced training on Intelligent Process Automation. Ready to take your expertise to the next level with cutting-edge training? Check out the four certification programs offered below, classes begin January 20.
Here's your weekly update on the latest thought leadership, networking events and training with SIG.
Spend Matters has released Q4 Services Procurement Vendor rankings
In 2.5 years since the first release, procurement professionals have referenced Spend Matters’ SolutionMap procurement technology benchmark rankings over 112,000 times, with the Accelerator toolkit gaining rapid traction to inform procurement technology selections:
“We didn’t have enough process and technology knowledge to identify our requirements for a P2P transformation. We wanted to include enough leading practice into our phase 1 assessment, recommendation and business case…You really helped us narrow the population.” — Senior Director, Supply Market Insight
As the year comes to a close, it's a good time to look back at the goals you set this time last year. Whether you're on track or have a ways to go, take advantage of these opportunities to focus on your professional development. Listen to some inspiring executive advice from the podcast, take an hour to join a webinar or consider sharing your expertise at one of our upcoming events.
Services providers such as consultants and agencies account for a significant portion of workforce spend and are crucial to business performance. Yet many companies under-manage them, leaving value on the table and creating risk. For the second year of research with Oxford Economics, SAP Fieldglass takes a deeper dive into services procurement. Join us to learn how workforce leaders realize more value from these providers.
After a great week in Carlsbad, California, at the Fall Global Executive Summit last month, we are excited to bring you even more resources and connect you with a network of people to help you be your best. Take a dive into the Summit Anthology and Resource Guide to map your strategy for the coming year, catch up on some industry research, learn more about our partnerships with PeopleTicker, Spend Matters and TraDove, and check out one of the many webinars happening this month.
Summit Anthology and Resource Guide
Following each Summit, we publish an anthology that provides a snapshot of every Summit presentation and also includes speakers’ contact information if you’d like to follow up with them. The 2019 SIG Fall Global Executive Summit hosted over 40 keynote and breakout sessions.
This is a great resource for an overview of the content to share with your team members who were not able to attend and to demonstrate key takeaways and ROI to your executive team.
SIG’s last event of 2019 will take place in Toronto, Ontario at the BMO Institute for Learning. Delegates can expect executive roundtables (for director levels and above), deep-dive training on third party risk management, provoking general session speakers, lunch, CPO presentations, analyst overviews and more.
SIGnature Events are like mini-Summits, with ample time for networking with peers and provider thought leaders. There’s still time to register for this event, but space is limited and registration will be capped.
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:
The Labor Day holiday in the U.S. marks the official end of summer. Playing catch-up and circling back with everyone you got an out-of-office email from is a laborious task in the quest to achieve “inbox zero.” Hopefully you had the opportunity to hit the refresh button yourself this summer so you can approach your task list (and your goal list) with renewed energy.
This month, SIG has some exciting networking opportunities so you can benchmark with your peers and find solutions to your biggest challenges, and you have one last opportunity to upskill your team before tuition increases for our certification programs. Here’s what’s happening in September.
Last Chance for SIG University Introductory Pricing
Go into 2020 with a globally recognized certification that demonstrates your skills, expertise and professionalism. SIG University’s last semester for this year begins on September 30 and tuition rates are increasing in January. Get yourself or your team certified now at the lowest possible cost!
The programs can be completed entirely online and are available on-demand, so you don’t have to spend critical time away from the office.
Outlined here is information about the upcoming changes and benefits of your C3PRMP designation, as well as a profile of our students.
What changes are coming to SIG University’s C3PRMP program in January 2020?
In January 2020, the duration of SIG University's C3PRMP program will be extended from eight weeks to 10 weeks. Multiple-choice review questions at the end of each module will test all students’ knowledge and require a minimum passing score of 80%.