GEP Outlook 2023
Posted: 01/30/2023 - 23:19
Leadership
2022 Gartner® Magic Quadrant™ Procure-to-Pay Suites
Posted: 01/24/2023 - 21:51
SIG ANNOUNCES WINNERS OF THE 2022 FUTURE OF SOURCING AWARDS
Posted: 10/22/2022 - 04:34
JACKSONVILLE, FL — October 25th, 2022 — Sourcing Industry Group (SIG), the premier membership organization for sourcing, procurement, outsourcing, and third-party risk executives, announced the winners of the Future of Sourcing Awards at its Global Executive Summit on October 19th, 2022.
VUCA Planning: Why Procurement Success During Volatile Times Requires Proactive Versus Reactive Agility
Posted: 01/28/2023 - 03:33
What does it mean to have an agile supply chain?
The above question has been raised countless times since the pandemic's beginning, as most supply chains were “stretched” beyond the breaking point.
But during times of Volatility, Uncertainty, Complexity and Ambiguity (VUCA), we should ask this: is the agility to which I refer "proactive or reactive?"
Planning Agility?
Companies Tap into Procurement to Jumpstart Growth this New Year
Posted: 01/25/2023 - 00:39
Businesses weren’t prepared for the massive disruptions to global supply chains that the pandemic sparked. And they’re feeling the pain. According to research from SAP, 58% of companies have seen their revenue decline in the last three years. For many, growth remains stalled, and they are relying on procurement to restart that engine. Why procurement?
The “Data First” Approach & Why It's The Key To Procurement’s Digital Transformation
Posted: 01/23/2023 - 22:37
Data — clean and accessible data is important.
Ask me to sum up in one sentence the recent Global Executive Summit session featuring the Founder and CEO of TealBook, Stephany Lapierre, and Nasdaq’s VP. Global Head of Procurement Jeff Wright, the "data is important" theme would pretty much cover it.
New Year, New Outlook: Leading Procurement with Positivity
Posted: 01/12/2023 - 03:15
The holiday season presents a perfect opportunity for reflection and gratitude. And after a long year, procurement teams can look forward to a new outlook for 2023.
How Improving Supply Chain Relationships Can Increase Profitability In An Inflationary Market
Posted: 01/04/2023 - 21:52
An old general once said, "pressure makes diamonds!”
When it comes to the ever-increasing pressures on supply chains these past two years, we must be getting close to Kohinoor value — which according to experts, is priceless.
The overarching question is whether tough, inflationary times represent a challenge or an opportunity for sourcing and procurement professionals to shine.
3 Ways Procurement Can Become the Go-To Strategic Partner for Spend Management
Posted: 12/21/2022 - 21:55
There’s no denying that cloud-based applications have changed the way tech stacks ebb and flow. Now that individuals are able to go straight to the source and purchase a new app in a matter of clicks, traditional sourcing and procurement processes have all but gone out the window.
Nearshoring Vs Offshoring Vs Onshoring: Key Elements to Understand When Dealing With Outsourcing Services
Posted: 12/17/2022 - 01:31
Outsourcing is a long-established practice of modern business. It was first popularized in the 90s when Kodak was among the first tech companies to outsource work to another company, in this case IBM. Since then, companies in the tech industry and beyond have used outsourcing in a variety of ways.
Why do businesses use outsourcing?
Benefits of CX Blockchain Certification for BPO Vendor Procurement
Posted: 12/15/2022 - 23:12
Procuring the services of an outsourced BPO or contact center vendor can be a time-consuming, labor-intensive process, given the ever-expanding vendor landscape and emerging nearshore and offshore regions.
Blockchain is proving to be a viable solution to help procurement teams manage the process more efficiently and cost-effectively. Blockchain certification, a new standard, can also give outsourced BPO and contact center vendors a leg up on their competition when submitting RFPs and RFIs.
Negotiating Success: The Technical Evolution of Procurement’s Win-Win Formula
Posted: 12/07/2022 - 02:57
Finalist Interviews for Sourcing Star Awards: David Bush, Simfoni
Posted: 11/16/2022 - 04:50
How did you get into this field. Was it purposeful or by accident?
Finalist Interviews for Sourcing Star Awards: Jerome Arfeli, UPS
Posted: 11/16/2022 - 04:38
How did you get into this field. Was it purposeful or by accident?
Actually, my entry into Procurement was unexpected. I was finalizing my engineering internship at Solvay in a production facility in Belgium, when I decided to submit my resume to the centralized HR database of resumes without applying to any specific role. A few weeks later, a recruiter called me to discuss an analyst opportunity within Solvay’s newly created centralized procurement organization. I got the job and I was hooked on Procurement ever since!
Finalist Interviews for Sourcing Star Awards: Catherine Candland, nextSource
Posted: 11/16/2022 - 04:22
How did you get into this field. Was it purposeful or by accident?
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