Future of Sourcing Awards

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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.

 

From this author

Innovations in Talent Management: FedEx
Aug 21, 2019    0

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

The Sourcing Playbook is a set of flexible, standardized templates with accompanying training for certain critical deliverables within FedEx Services Sourcing & Procurement’s Sourcing Methodology (sourcing process).
 
Prior to the Playbook, the organization had recently completed significant enhancements to its Sourcing...
Innovations in Sustainability: SAP Ariba
Aug 20, 2019    0

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

Sustainability has increasingly become a core business objective for global organizations large and small, allowing companies to drive profits while benefiting people and the planet. However, there was not a holistic technology that can include Sourcing and Procurement teams to address these tasks and processes and deliver measurable results. The SAP Ariba team...
Aug 16, 2019    0

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

Fannie Mae has traditionally engaged a broad range of third-party suppliers across different channels for advice, expertise, production support, development, governance and other services. The demand for professional services has ranged from single freelance experts to hundreds of resources for development to firms with methodologies and benches to deliver...
Innovations in Third Party Management: DBS Bank Ltd
Aug 13, 2019    0

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

According to PwC’s Global Economic Crime and Fraud Survey in 2018, procurement fraud is one of the most common frauds across industries. As such, DBS Group Procurement & Services (GPS) recognizes the need for constant vigilance and the importance of enterprise wide anti-fraud controls. Year after year, we challenge ourselves to revisit and enhance our...
Aug 11, 2019    0

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

As the largest healthcare company by membership and provider of affordable, high-quality eye care and eyewear, VSP Global wanted to change the way it approached the procurement process to drive better business outcomes. To ensure internal customers continue to receive best-in-class service, VSP’s sourcing team strives to achieve 100% early engagement with...
Innovations in Sustainability: Fannie Mae
Aug 08, 2019    0

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

Fannie Mae’s corporate mission is to provide access to reliable, affordable mortgage financing while driving smart innovations in mortgage finance. In 2018, we provided $512 billion in liquidity to the mortgage market, which enabled the financing of approximately three million home purchases, refinancing or rental units. Keenly aware of our role in the...
Aug 06, 2019    0

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

Aligning with Microsoft’s overall mission to “Empower every person and organization on the planet to achieve more,” and the company’s long-term commitment to carbon neutrality, (since 2012), Microsoft’s Responsible Sourcing team recognized a gap in its own, and hence Purchasers as a whole, ability to accurately measure the CO2...
Innovations in Third Party Management: Bank of Canada & Ontala
Aug 05, 2019    0

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

Aligned with the Bank’s vision for being a leading Central Bank, the Bank had an objective to design and implement the Next Generation of its Third Party Risk Management Program informed by best practices and adapted to meet the needs of a central bank.
 

How were things done originally and what was the inspiration to...

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