Outlined here is information about the upcoming changes and benefits of your C3PRMP designation, as well as a profile of our students.
What is different about SIG University’s C3PRMP program?
In January of 2020, the duration of SIG University's C3PRMP program was 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%.
Members of the Global Association of Risk Professionals (GARP) will continue to earn 20 Continuing Professional Development (CPD) credits, GARP’s highest award for a continuing professional development program.
Stacy Mendoza, Managing Editor, Future of Sourcing
After wrapping up the 59th Global Executive Summit, we are excited to bring you even more resources and connect you with a network of people to help you be your best.
Summit Resources On-Demand
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 2020 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. This is a benefit of membership, so if you’re not a member inquire today!
As we near the end of 2020, one lesson is clear: Sourcing and procurement teams equipped with advanced skills, technologies and best practices not only weathered supply chain disruptions but were able to pivot and innovate.
As we enter 2021, the rehiring wave will focus on procurement professionals with modern and diverse skillsets based on today’s best practices. Understanding the current business landscape will be essential to secure your future.
SIG University is enrolling for programs that start in January and February. The free curriculum guide will provide you with detailed information on all four programs, including strategic sourcing, supplier management, third-party risk management and intelligent process automation. Prefer to go at your own pace? Inquire about the new self-paced option.
This month, we continue with the monthly CPO and Executive Virtual Series, welcome a new round of students into the virtual classroom, and have exciting industry research and webinars to keep you engaged and up to date.
August CPO & Executive Virtual Series
Senior executives are invited to join SIG and Scout RFP, a Workday Company, for an interactive event on August 12 from 1 pm to 3 pm ET. The format is open mic, collaborative and topic will focus on shifting from reactive to proactive as we move into the second half of 2020. The featured speaker is Karen Coker, Head of VMO & Strategic Sourcing at University Federal Credit Union.
To join this event, RSVP on our website. There is a cap on attendance to keep the conversation flowing and to build connections with other buy-side industry executives.
An area that has seen an uptick in hiring amid record unemployment are jobs in sourcing, procurement and supply chain management, but the skill sets required for these positions are now more specialized than they were pre-COVID-19.
With more people working from home, SIG University is offering an additional semester to help sourcing, procurement, risk and supply chain professionals earn an industry certification. Certification programs are a cost-effective alternative to lengthy degree programs, especially in an economic recession.
It’s been a long year and we’re only halfway through it. Many of us have scrapped our plans, both personally and professionally, retooled our strategies and reprioritized our resources. It’s frustrating to make drastic changes with no clear forecast on the horizon, but growth comes from being uncomfortable and taking risks. Instead of dwelling on what could have been, let's take a look at what’s to come.
Summit Presentation Anthology
Following each Summit, we release our Summit Presentation Anthology that offers a snapshot of each presentation along with the presenter’s contact information. The inaugural Spring Procurement Technology Summit was supposed to be an in-person event in April, but the global pandemic upended our plans and we had to pivot our strategy to go digital.
While we missed catching up with old friends and making new connections at the Summit, we welcomed over 1,100 delegates from all over the world to our digital platform. The best part? Every single session is recorded! Not only can you get the presentation decks, but you can watch any sessions you missed or revisit sessions to dive deeper in the subject matter. The Anthology is only available to SIG members. If you’re not a member and want to join, reach out to us.
COVID-19 Resources for Procurement, Sourcing and Workforce Management
When we switched our spring Summit from in-person to virtual due to the global pandemic, many Summit presenters also changed their topic given the current events. What we are experiencing now is historical on many fronts, not the least of which is the role of procurement in a global emergency.
It’s hard to believe that we’re already halfway through 2020! Given everything that's happened this year, it's likely that the goals you set for yourself at the beginning of the year have changed - and that's okay. No matter what you seek to accomplish, whether it's pushing ahead or navigating a new normal, SIG is here to help you start Q3 with a bang.
Calling all CPOs!
Senior procurement executives are invited to join this monthly virtual meeting to find solutions to challenges that procurement leaders are facing today. These single-topic discussions are delivered in an open-mic, collaborative format for a personal and targeted discussion.
With a maximum of 15 attendees, this two-hour session will cover topics relevant to CPO and executive-level procurement practitioners across industries. You are invited to join the discussion and share your experiences, ask questions and share your expertise with the group.
A SIG University certification on your resume will make you stand out and demonstrate your expertise. Earn your certification at a discounted rate when you enroll and pay prior to June 6! SIG University’s curriculum is unique and delivered entirely online. Students learn from real-world sourcing and risk events that are taught by senior industry practitioners. Graduates are equipped with the resources and knowledge to add value immediately.
At the SIG Procurement Technology Summit, attendees will experience the latest procurement technology in a virtual Innovation Hall. These companies are using artificial intelligence, machine learning and robotic process automation to elevate the role of procurement, ignite innovation and impact the world.
Featured here are company overview, solution overview, and company approach and process to help you learn more about the following virtual Innovation Hall technology providers:
With work-from-home and social distancing measures still in place, you might be feeling a little bit stuck – and that's okay. SIG has some exciting virtual events and opportunities to keep you engaged with your peers in the industry so you can keep your skills sharp and stay connected.
Procurement Technology Summit
While we missed seeing everyone in-person for the spring Summit, we invite you all to attend our digital Procurement Technology Summit! This event will be unlike any you have ever experienced! We have a really unique line-up of keynote speakers who are covering topics like cybersecurity, procurement technologies and impacts on the industry in light of a global pandemic.
Because we can’t all be in person, we’re inviting SIG’s buy-side members and their ENTIRE TEAM to attend free. Yes, you read that right! Whether you’re a team of two or 200, everyone on your team gets to attend for free! Access to information is imperative now, and we want you to be informed with best practices.
We are featuring interviews on our blog with breakout session speakers and doing spotlights on companies that will be featuring their technologies in the virtual Innovation Hall. Make sure you're following SIG on Twitter and LinkedIn to keep up with what's happening.
The Summit will take place on May 11 – 15 and will be 100% online so you can attend sessions as it fits your schedule. To make this event extra special, we are giving away over $20,000 in prizes, like Peloton Bikes, Yeti Coolers, wireless sound systems and more! You do not want to miss this event, so register today and get ready to be impressed!
Certified Professional Accountants (CPAs) who are looking to earn Continuing Professional Education (CPE) credits to maintain their licenses can improve their knowledge in third-party risk management by enrolling in SIG University’s Certified Third Party Risk Management Professional (C3PRMP) program.
SIG was recently approved by the National Association of State Boards of Accountancy (NASBA) on the National Registry of CPE Sponsors. CPAs and equivalent designations who enroll in the CPE-track of SIG University’s Certified Third Party Risk Management Professional (C3PRMP) program can receive 66 CPE credits and graduate with a strong knowledge base of third-party risk management best practices that can be implemented immediately.
CPAs are in possession of highly sensitive client data that cybercriminals and other bad actors could exploit. This program touches on all areas of operational risk, including cyber, business resilience, financial, technology and reputational risk. Anyone who is serious about investing in their team and protecting the wider enterprise will benefit from the program’s focus on governance and oversight best practices, controls and board reporting with a view from the top.
Deb Cunningham’s passion for creating wellness in both the corporate world and personal life has led to her role as co-founder of The Mindfulness Effect, a boutique corporate consulting company that bring mindfulness into the workplace. With a career in healthcare that spans over two decades, she has combined her industry experience with 20+ years of practicing and teaching yoga and mindfulness. She is a certified RYT500/YACEP yoga instructor and certified Yoga Nidra meditation instructor.
What is mindfulness, generally speaking?
Mindfulness is a term that attempts to summarize a way of seeing the world around us, in the present moment and releasing the tendency to judge. It forces us to stop and pay attention, which is an important component in balancing the nervous system.
The past few weeks have catapulted the entire globe into a constant state of near panic. This perpetual barrage of fear and anxiety is quite literally triggering the fight, flight or freeze response in the brain. How can we move through these times with a calm and present state of mind?
As we know, our environment is constantly changing. Look at the last month, never mind the last 20 years, and we can see that the ability to adapt quickly to new circumstances is vital. This requires a level head and access to focus, ingenuity and intuition.
How does mindfulness work in a business setting?
We have all seen the person staring listlessly into the air as they go about the mundane task of the moment. It is proven that executives cannot focus on what’s at hand due to the unending demand for their attention, whether it’s the phone, email, text, reports, meetings and face-to-face interactions.
Spend Matters has just released its 7th annual “50 Providers to Know/50 Providers to Watch” lists. Each year, Spend Matters’ technology analysts assess the capabilities for an array of companies across 13 market sectors and releases its lists of 100 vendors in the industry. These represent the best-in-class companies you need to know about as well as the up-and-coming, growing firms to keep your eye on.
Providers to Know
Among this year’s vendors are 11 companies that have earned the “50 Providers to Know” distinction each of the seven years the lists have been published! These include Accenture, Achilles, Basware, Beeline, Coupa (including Trade Extensions and Spend 360), Deloitte Consulting, GEP, Insight Sourcing Group (including SpendHQ), Ivalua, Jaggaer and The Hackett Group. These vendors sit alongside AppZen and Rosslyn Analytics, which are brand-new “to Know” companies for 2020.
Providers to Watch
Eight vendors jumped from the Watch to the Know list in 2020, they are Agiloft, Celonis, ConnXus, Lease Accelerator, MBO Partners, NPI, Per Angusta and Tipalti. More than half of the “50 Providers to Watch” list represents new honorees, with 34 new companies included, four of which are start-ups featured on the 2019 Spend Matters “Future 5” list — Bid Ops, Fairmarkit, Negotiatus and SupplyHive.