In the face of unprecedented uncertainty in the global procurement and supply chain market, leaders must unleash their ingenuity. Navigating complex challenges
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Redefining Sourcing Leadership: From Process Gatekeepers to Strategic Business Enablers
Aug 27, 2024 | Sourcing
In my years as a sourcing leader, Sourcing Interest Group(SIG) Advisory Board Member and SIG University faculty member, I’ve witnessed a recurring challenge in our field: the tendency for some sourcing professionals to become obstacles rather than enablers of business success. This article aims to redefine the role of sourcing leaders and provide actionable strategies to become true business partners.
2024 Future of Sourcing Awards: Finalists Announcement
Aug 15, 2024 | FOS Awards, Procurement, Sourcing
The Sourcing Industry Group (SIG) and Future of Sourcing Awards is proud to announce the finalists for 2024. These awards honor organizations, and individuals who have demonstrated exceptional innovation, leadership, and transformation in the sourcing industry.
Nominations are Open for the Future of Sourcing Awards!
Jun 10, 2024 | FOS Awards
We are thrilled to announce that nominations are open for the prestigious Future of Sourcing Awards, taking place at the Global Executive Summit Fall 2024 from October 7th-9th in beautiful Rancho Mirage, California. This is your chance to be part of a celebration that...
Mastering Supplier Risk Management: How to Build More Reliable Suppliers
Mar 12, 2024 | Sourcing
In the intricate business world, managing supplier risk is critical to ensuring smooth operations and protecting the bottom line. A robust Supplier Risk Management (SRM) program can help businesses mitigate potential risks and build stronger, more reliable relationships with suppliers. This article will delve into the three main components of an effective SRM program: Supplier Segmentation, Supplier Qualification, and Ongoing Compliance Monitoring.