This Month at SIG – April 2018

Here's what's happening in April at SIG: Future of Sourcing Awards, SIG University Certification, Outsource Magazine Renaming Contest

"April hath put a spirit of youth in everything" -- William Shakespeare

It's the start of another new quarter and many teams are reinvigorating their strategies to make bigger and better gains in Q2. The economy is also making gains – the latest ADP National Employment Report data show that private sector companies added more workers in March than initial forecasts predicted.  

At SIG, we’re charging into Q2 with a renewed sense of optimism, excitement and momentum to tackle obstacles and challenges with transformational approaches that we learned at the SIG Global Executive Summit in Washington, D.C. Here's what SIG delegates need to know this month.  

FUTURE OF SOURCING AWARDS

SIG CEO Dawn Tiura recently announced the inaugural Future of Sourcing Awards to recognize and celebrate individuals and organizations that show innovation, leadership and transformation in areas that are critical to the sourcing industry. This event will bring together some of the brightest minds, the best insights and the most relevant topics to create a truly remarkable experience.  

Team Awards 

The winner of these awards will represent the best example of innovation in each category. This year’s team categories include: 

  • Innovations in Sourcing  
  • Innovations in Outsourcing  
  • Innovations in Third Party Management  
  • Innovations in Supplier Performance  
  • Innovations in Digitization  
  • Innovations in Governance/Compliance  
  • Innovations in Talent Management  
  • Innovations in Sustainability 

In each area, the project can include automation, major transformation or process improvement, but the winning companies will show the greatest achievement in terms of fundamentally changing the nature of their business in some capacity. 

Individual Awards 

These awards recognize individuals who have demonstrated ingenuity, initiative and innovation in their careers. 

  • Rising Star Award - This award recognizes an individual newer to the industry who has shown initiative and promise by delivering a project, developing thought leadership or creating a new methodology that is likely to have a lasting impact.  

  • Sourcing Star Award - This award recognizes an individual who has demonstrated inspiring, insightful and innovative work in the sourcing field over the course of their career in the space. The winner of this award will be a more seasoned veteran than the Rising Star candidates and will have delivered projects, thought leadership or other tangible outcomes that have made a transformative impact on the industry. 

Nominations are now open and should be submitted electronically on the Future of Sourcing Awards website. The deadline to submit an entry is Friday, June 8. Award winners will be announced on October 17th at the SIG Global Executive Summit in Rancho Mirage, California.  

SIG UNIVERSITY CLASSES BEGIN APRIL 23

The recent Deloitte Global Chief Procurement Officer Survey 2018 reports that only 49% of procurement leaders believe that their current teams have sufficient levels of skills and capabilities to deliver on their procurement strategy.  

Employee development is critical to the long-term success of an organization. SIG University’s online certification programs enable your team to get the training it needs without having to spend critical time away from the office.  

SIG University’s spring semester classes beginning April 23 are full, but enrollment is open for summer classes that begin July 16 for the following certifications

  • Certified Sourcing Professional – A 12-week course focused on the hard and soft skills of sourcing, including strategic sourcing and outsourcing methodologies as well as best practices in negotiations. Insights in artificial intelligence, big data, crowdsourcing and other disruptive technologies challenging the future of work are also addressed.  

  • Certified Supply Management Professional – A 5-week course focused on the discipline and governance of sourcing. The curriculum covers contract administration, value realization, risk mitigation, compliance and continuous improvement. It offers insights on supplier relationship management that help organizations understand how to mitigate risks associated with supplier behavior. 

As companies are making big investments to digitize their operations, investments in people to manage those operations are also critical. IDC predicts that by the end of 2020, one-third of all manufacturing supply chains will be using analytics-driven cognitive capabilities. Will your team be sufficiently trained to manage the complex integrations of artificial intelligence, machine learning and automation?  

Stay tuned for more information on SIG University's Certified 3rd Party Risk Management Program that begins on September 24th. 

To find the right program for you or your team, download the course catalog or request more information from an educational advisor.  

 

HELP RENAME OUTSOURCE MAGAZINE

Outsource Magazine, powered by SIG, is hitting the refresh button and holding a global contest to rename the magazine. As leaders in the sourcing community, we want you to submit your idea for a new name that conveys innovation, professionalism and is relevant to the global sourcing community.  

Outsource Magazine readers and contributors are professionals who work in many sectors, including procurement, outsourcing, tech, human resources, compliance, finance and more. 

You have until May 31st to submit your entry on the Outsource Magazine website. If your idea is chosen, you’ll win a $100 Amazon gift card and lifetime bragging rights! 

Outsource is also looking for thought leaders and subject-matter experts to contribute articles. If you’d like to be considered, submit a request to contribute thought leadership content

 

Stacy Mendoza, Digital Marketing Specialist

Stacy Mendoza is a Digital Marketing Specialist with Sourcing Industry Group (SIG). Stacy began her career in market research as an editor for Hart Research Associates in Washington, D.C. Since moving back to Florida in 2014, she has worked in marketing and public relations, specializing in content creation, media relations and crisis communications. Stacy is a passionate volunteer who donates her time to help nonprofits develop marketing strategies and awareness campaigns. Since joining SIG, Stacy has taken a strong interest in advocating for more transparent supply chains to expose the exploitation of workers and the environment. Stacy holds a Bachelor of Arts degree in English from The Florida State University in Tallahassee, Florida.