Intelligent Automation

This Month at SIG – January 2022

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

We kick off 2022 and the future of procurement with a host of resources, insights and events to help you deliver on procurement 3.0!


January CPO & Executive Virtual Series

SIG's CPO & Executive Virtual Series is an opportunity for the most senior procurement executives to gather with their peers in an interactive virtual environment to discuss their most pressing issues. On January 26, Keith Hausmann, Chief Revenue Officer from Globality, will explore top business priorities procurement can address by reimagining its sourcing models and the major benefits this transformation will bring to the enterprise.

Join us for this executive-level conversation with actionable takeaways!

 

A Flexible (and Fast!) Way to Get Certified Now

Did you miss our 2021 open cohort start dates? We have fast-track and self-paced options for all programs if open cohort semester timings do not work for your schedule! Have a large group from your organization interested in taking the program together? We also offer closed cohorts for groups of 20 or more that can start when it is best suitable for your team, and volume discounts are available!

Power Hour Webinars

Learning Lab: How to License and Protect Key Information

Join Scientist.com and SIG as they explain the sourcing cycle and explain why protecting your confidential information, IP, and resources are crucial to your long-term success.

Desmond Williams, Digital Marketing Manager

This Month at SIG – December 2021

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

As we brace for 2022,  the future of procurement is here. We have a host of resources, insights and events to help you deliver on procurement 3.0 


December Microlearning by SIG University

On December 8, experts from Majel Partners, Elizabeth Zucker and Angela Easterwood, will share an approach to identifying and selecting the best-fit KPIs for supplier relationship management strategies. That session will be followed by SIG University Faculty and Global Procurement Executive, Tom Ciardiello, who will lead an exciting deep-dive discussion on being an effective communicator. 

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

 

A Flexible (and Fast!) Way to Get Certified Now

Did you miss our 2021 open cohort start dates and can't wait for 2022? We have fast-track and self-paced options for all programs if open cohort semester timings do not work for your schedule! Have a large group from your organization interested in taking the program together? We also offer closed cohorts for groups of 20 or more that can start when it is best suitable for your team, and volume discounts are available!

Desmond Williams, Digital Marketing Manager

This Month at SIG – November 2021

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

As we charge forward into 2022,  procurement’s value proposition to the organization continues to grow. We have a host of resources, insights and events to help you deliver on procurement's new future. 


November SIGnature Events

After an amazing Global Executive Summit, the SIG team is hard at work to bring you our next in-person event of the year, our SIGnature Events. SIGnature Events are powerful one-day meetings in which buy-side practitioners benchmark with other organizations and network with colleagues facing similar issues. Delegates will learn and network throughout the day, then wind down the afternoon with a happy hour, casual one-on-one discussions creating long-term collegial relationships. 

Northeastern Regional SIGnature Event

Western Regional SIGnature Event

Eastern Regional SIGnature Event

 

Power Hour Webinars

Building Your Roadmap for Total Talent Management

Today, organizations need a scalable solution that enables global enterprise-wide workforce planning, a future-proof supply chain, improved compliance, better supplier management, an innovative way to engage talent, and data-driven decision-making in a way that hasn’t been possible before. 

Desmond Williams, Digital Marketing Manager

This Month at SIG – October 2021

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

It’s hard to believe that we are making the final turn into 2022. It has been a wild year, with the Procurement function emerging to the forefront of the business from the pandemic. Procurement 3.0 is here and we continue to lead the conversation.


SIG Global Executive Summit

The SIG team is in overdrive to bring you our first in-person event of the year, the Global Executive Summit.  Delegates should come prepared for a state-of-the-art experience that immerses them in industry trends, best practices, innovations and solutions that are shaping high-performance teams and best-in-class procurement organizations. 

There’s still time to register for the Fall Global Executive Summit. To learn more about the Summit, check out the Summit website and share it with your team to plan your trip. 

 

Power Hour Webinars

Revolutionizing the MRO Supply Chain – The 20 Year Dream That Is Now Achievable with Buyerquest

For Asset Intensive companies, getting a handle on vendors, assets and parts has been a huge problem from a cost, risk, and performance standpoint.  Fragmentation and manual processes are time-consuming and limit the opportunity to use business intelligence to deliver new opportunities for success, growth, and innovation in supplier partnerships. 

Join this session to learn Skookum’s story, a 30-year leader in Facilities Management and Logistics Support, and their experience solving these problems through digital solutions that revolutionized their MRO supply chain, making a 20-year dream a reality. 

Desmond Williams, Digital Marketing Manager

This Month at SIG – September 2021

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

As we head into the fall of 2021, we prepare for procurement 3.0 with a host of exciting resources, industry research and webinars to elevate you in your role.


September CPO & Executive Virtual Series

SIG's CPO & Executive Virtual Series is an opportunity for the most senior procurement executives to gather with their peers in an interactive virtual environment to discuss their most pressing issues. On September 15, Nitin Khorana, Vice President from Icertis, will explore maximizing supply chain potential with contract intelligence, followed by topic-based discussions on digitalization within procurement and sourcing.

Join us for this executive-level conversation with actionable takeaways.

 

Power Hour Webinars

How to Align Procurement with Third-Party Risk for Successful Vendor Management

One of the biggest challenges that procurement teams face is aligning risk objectives with the rest of the organization. In fact, most companies struggle with ensuring that their risk management processes aren’t perceived internally as a roadblock, slowing down procurement and innovation.

In this webinar, Bryan Littlefair, CEO of Cambridge Cyber Advisers and past Global CISO of Vodafone Group and Aviva, will share his experience designing third-party risk management programs that align with procurement. 

 

Desmond Williams, Digital Marketing Manager

This Month at SIG – August 2021

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

As demand continues to rock supply chains, we prepare for the future of procurement and risk mitigation with a host of exciting resources, industry research and webinars to elevate you in your role.


August Microlearning by SIG University: Contracting and A Holistic Approach to Risk Management

On August 4, University of Tennessee Faculty, Graduate and Executive Professor Kate Vitasek, and CEO of Commercial Officers Group, Jim Bergman, will explore key concepts around contracting in the new economy. That session will be followed by SIG Hall of Famer and Faculty Member, Lawrence Kane who will join negotiation expert and commercial contracting coach, Jeanette Nyden for a deep-dive discussion on a holistic approach to risk management. 

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

 

Power Hour Webinars

Demystifying eAuctions – How to Source Smarter, Faster and Better

eAuctions are a great method for helping firms maintain speed to market in an economic environment riddled with scarcity, increased sourcing risk and complexity. The problem? Despite the many benefits that eAuctions offer, they are a grossly misunderstood and underutilized strategy. 

In this webinar moderated by SIG, GEP’s Director, Marin Aravind and Senior Associate, Lavanya Krishnan, will demystify eAuctions and share best practices that enable procurement to function as a profit center by improving cost visibility, driving incremental savings, enhancing compliance and optimizing efficiency.

Desmond Williams, Digital Marketing Manager

This Month at SIG – July 2021

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

As we close out the first half of 2021, we prepare for the future of procurement with a host of exciting industry research and webinars to make your role easier.


July CPO & Executive Virtual Series

SIG's CPO & Executive Virtual Series is an opportunity for the most senior procurement executives to gather with their peers in an interactive virtual environment to discuss their most pressing issues. On July 21, A panel of experts from Everest Group will explore maximizing savings and innovation from IT and BPO Service Providers, followed by topic-based discussions on contracting models and cost savings in 2021. 

Join us for this executive-level conversation with actionable takeaways.

 

Power Hour Webinars

Elevating The Role of Sourcing and Procurement

As a 40-year Procurement leader, Steve Kesinger knows a thing or two about the daily struggles of procurement departments. The former Nordstrom Chief Procurement Officer and LogicSource Procurement Council member has hands-on experience managing large, complex teams responsible for managing over $2B+ in annual spend, resulting in a unique perspective on what Procurement teams need to succeed.

In this session, Steve will be joined by LogicSource Managing Partner, Sam Vail, and Sourcing Industry Group President and CEO, Dawn Tiura, to share the insights he has harvested from his decades of experience both as a CPO and also in his current advisory role helping early-stage technology companies build business models that will resonate with Fortune 1000 procurement leaders.

Desmond Williams, Digital Marketing Manager

Digital Disruption in Sourcing and Procurement with Intelligent Automation

Intelligent Automation for procurement

Procurement leader Canda Rozier and senior sourcing veteran Lawrence Kane joined the Sourcing Industry Landscape Podcast to discuss the new age of intelligent automation, based on what they learned in SIG University’s Certified Intelligent Automation Professional (CIAP) program. They outline how intelligent automation can be a powerful tool to promote an organization’s growth and prosperity, and how – when implemented correctly – it can be targeted to improve areas holding back the enterprise.


What is a simple definition of intelligent automation?

Canda Rozier: I think intelligent automation is a fully holistic approach for business transformation that lets companies start to analyze data, provide analytics on the data and deliver digital solutions to optimize business processes and tasks. I think one of the things that has really struck me as I've learned more about and become engaged with intelligent automation is that it's as important to understand what it's not as to understand what it is.

 A lot of intelligent automation projects fail or don’t provide results – why?

Lawrence Kane: It's not a panacea, and it really needs to be implemented systemically because it's a program. It shouldn't be a one-off, because you have to look at your tools and processes and how the enterprise creates value and understand where are the places that you want to go and automate. Where are the places you want to stop doing things, where are the areas that you need to change doing something, right?

Desmond Williams, Digital Marketing Coordinator

Getting Optimal Results from Complex Categories: Sourcing Optimization

sourcing optimization for procurement

SIG University Certified Sourcing Professional (CSP) program graduate Tim Johnson details the power of true sourcing optimization within the organization.


It is incredible how many companies are still using a basic RFP platform with minimal scope for optimization. Even the platform Excel has no capacity for optimization or sourcing processes to manage the sourcing of highly complex categories. None of these methods can deliver any substantial savings or ROI.

A simple and easy-to-use sourcing platform is all you would need – even if you are not a sourcing specialist – for a three-bids-and-a-buy sourcing project to source a single item. But if you have hundreds of suppliers and thousands of possible scenarios, a simple platform does not make the grade. As for trying to manage (and more importantly, analyze) complex sourcing events in Excel, that will require a full-time mathematical genius or a team of full-time employees for weeks or months on end trying to figure out the best outcomes. 

To manage the sourcing of complex categories and create business value, you absolutely must use a solution that takes full advantage of the power of optimization complemented with artificial intelligence and game theory.  

To be “complex” in the sense of the word here, a sourcing category needs to meet some combination of the following criteria:

Tim Johnson, Sales Director, JAGGAER

SIG Speaks to Amy Fong, Vice President, Everest Group

Procurement plays a strategic role in harnessing the value of the supply base.

Amy Fong is a Vice President in Everest Group's Strategic Outsourcing and Vendor Management practice. In this role, she advises enterprises on maximizing value from strategic provider relationships in outsourced services categories. She is a featured presenter at SIG’s upcoming virtual SIGnature Events taking place throughout the fall of 2020. Virtual SIGnature Events are free to all qualified buy-side practitioners and sell-side members.


 

What is your role and what are your day-to-day responsibilities?

I work with our procurement members to ensure they are getting the research and support they need to maximize value in outsourced services categories. We have 200 analysts focused on the outsourcing, global services and intelligent automation space. My role is to work across those content areas to bring it all together and ensure we’re helping procurement.

For instance, developing category strategy templates with the market intelligence we provide, facilitating briefings and peer discussions, and designing surveys that answer top of mind questions. I’m available to our members to answer their questions or guide them to the right expert analyst to dive deep into their challenges.

In the time of COVID-19, this also means helping procurement teams understand how service providers are reacting and what they can expect. Also, helping them identify cost takeout and risk reduction opportunities for the “next normal.”

Amy Fong, Vice President, Everest Group

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