Future of Sourcing Awards
About:
The 2023 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 18, 2023, 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.
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Can you outline why your team embarked on this project and the problem that needed to be solved?
With over 50% of its IT workforce outsourced, Boeing cannot deliver IT services without robust supplier contracts and vendor governance. With increased competition for new talent (resulting in turnover) there is a need for better tools, training and mentorship. Consequently, we developed what we call the Integrated Sourcing Roadmap, the Sourcing Knowledge...
Can you outline why your team embarked on this project and the problem that needed to be solved?
We embarked on the project as part of our larger digital transformation journey. In this case, we were seeking a configurable a flexible procurement platform to:
(1) Manage our sourcing, contracting and other procurement projects;
(2) Conduct masterful sourcing events (RFXs and eAuctions); and
(3) Take...
Can you outline why your team embarked on this project and the problem that needed to be solved?
The client, a multinational Oil & Gas company with users across multiple locations had been using a legacy system along with other stand-alone systems to drive its procurement operations and associated activities such as savings tracking. The lack of integration between these different systems complicated the processes to be followed by the end user. Along...
Can you outline why your team embarked on this project and the problem that needed to be solved?
Our Sourcing team members continually look for ways to improve processes and knew that time was being wasted emailing documents back and forth at the beginning of the engagement process for new deals. Version control for these documents had also become an issue. Additionally, business partners were constantly asking for status updates regarding their deals/...
Can you outline why your team embarked on this project and the problem that needed to be solved?
The University of California (UC) system purchases ~$10 billion in goods and services annually. Due to severe budget pressures, we must transform how we source and purchase goods. UC Procurement aims to streamline and evolve our current procurement model into a systemwide supply chain to make the most efficient use of available resources to support our core missions of...
Can you outline why your team embarked on this project and the problem that needed to be solved?
Supply chain management can be a game changer for a business’s bottom line. Companies are demanding more out of their supply chain, and procurement divisions need to keep up. At a minimum, smart procurement solutions can dramatically cut costs, but they can also drive innovation. Hilton Supply Management is a living example of that.
Can you outline why your team embarked on this project and the problem that needed to be solved?
The client, a telecommunications major, was looking to optimize their procurement operations and streamline their ongoing technology transformation initiative. Owing to GEP’s depth of offerings and expertise in procurement and supply chain, and top-of-the chart analyst ratings, the client chose GEP as their procurement services partner to address the...
Can you outline why your team embarked on this project and the problem that needed to be solved?
Avery Dennison recognizes that its environmental and social impacts extend beyond its own walls. Led by Mitch Butier, President and CEO, Avery Dennison sets high standards and goals for responsible purchasing practices as part of its overall sustainability vision. Its business philosophy originally started with “first, do no harm,” but then...
Can you outline why your team embarked on this project and the problem that needed to be solved?
IBM Global Procurement recognized the need to transform its organization to meet the evolving demands of its stakeholders. In general, clients viewed the procurement process as complex, having too many approvals and taking too much time to execute. As a result of this project, Global Procurement re-organized to become aligned by business unit,...
Can you outline why your team embarked on this project and the problem that needed to be solved?
We needed a fully integrated end-to-end Source to Procure system. This allowed us to effectively connect supplier risk management with sourcing, contracting and purchasing activities. This also fulfilled the need for Fannie Mae to provide an automated accurate HERA (the Housing Economic Recovery Act of 2008) Report to FHFA (the Federal Housing Finance Agency)....