Future of Sourcing Awards

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The 2022 Future of Sourcing Awards recognizes organizations and individuals that show innovation, leadership and transformation in categories that are critical to the sourcing industry. The Awards will take place on October 19, 2022, the capstone evening at the SIG Global Executive Summit. Attendees will enjoy dinner, networking and an awards ceremony that brings together some of the brightest minds to create a truly remarkable experience.

 

From this author

Innovations in Digitization: Fannie Mae
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Fannie Mae has been on the procurement digital transformation journey since 2013 when we first implemented Ivalua sourcing and contract management tool, called ProcureOne internally, to manage sourcing/contracting activities and P2P process. This built the foundation for the continued simplification and digitization of our work processes. This has also...
Innovations in Third Party Management: Supply Wisdom
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Project: Supply Wisdom ESG 
Since our launch in 2017 as a full-spectrum continuous risk monitoring solution, we have continually enhanced our framework to ensure that it aligns with changing market and client needs. In early 2021, increased attention by the new administration, regulators, consumers, and employees to...
Innovations in Third Party Management: Bank of Montreal 2
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

The existing contracts for BMO’s two armored car carriers (ACC suppliers) and Canadian cash processor were expiring. Our Sourcing team was originally engaged to support business-as-usual standard renewals, but we saw a greater opportunity to simplify, standardize and integrate our cash management process by moving to a sole source provider for turnkey...
Innovations in Third Party Management: Bank of Montreal
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Diversity and Inclusion are key pillars of BMO’s commitment to boldly grow the good in business and in life. While BMO had a well-established supplier diversity program in place, in 2021, the team took the opportunity to assess the strength of the program and more specifically, BMO’s ability to make an impact with our diverse supplier community...
Innovations in Governance & Compliance: Honda Development & Mfg America
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

The automobile industry is experiencing a once-in-a-generation evolution as its products transition from internal combustion engines to electric vehicles.  In order for automakers to enable this transition, characteristic improvements to our organizational structure across North America was needed to drive operational efficiency, lower OPEX costs...
Innovations in Talent Management: WorkLLama
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Our objective in introducing the WorkLLama AI-driven, talent acquisition and talent engagement suite to the market was to help our customers deliver a candidate experience that is more personalized for every individual in their talent ecosystem including full-time applicants, contractors, freelancers, independent consultants, and everything in between. Candidates...
Innovations in Talent Management: SAP / Capgemini
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

In our rapidly moving industry, our team needed a services procurement solution to help us tackle evolving needs and challenges. Our contingent workforce supports a number of our goals and we needed to implement the right technology to help us engage with external talent in a way that betters their experience and our organization as a whole. This was...
Innovations in Talent Management: Great Lakes Dock & Dredge
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

There was a recognition within GLDD that the procurement department could and should be something different from what it was.  The organization was tactically focused and reactive, bidding individual requests as they came from business partners.  Buyers supported individual user groups but did not have the capacity to assess needs strategically....
Innovations in Talent Management: WorkStep
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

I began my career in supply chain as a manager at a 3PL warehouse. Hiring and retention were the #1 challenge on the warehouse floor. The constant turnover affected every aspect of the warehouse’s operations. It all stemmed from a major disconnect between managers and hourly workers.  
 
In 2017 I co-founded...
Innovations in Supplier Performance: BGIS Global Integrated Solutions
Oct 14, 2022    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

BGIS is a fast-growing organization providing a full range of real estate services to corporate clients. Our mission is to deliver innovative business solutions for clients with real estate portfolios, while continually creating value for their stakeholders and ensuring a sustainable, safe, and comfortable environment for all. We constantly seek to innovate...

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