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. The finalists this year highlight the diversity of achievements across multiple categories, from sustainability initiatives to groundbreaking sourcing practices.
On August 14th, SIG President and CEO Dawn Tiura, alongside FOS Supernova Hall of Fame recipient Lawrence Kane, unveiled the top talent in the industry during a live LinkedIn event. We are thrilled to present the 2024 finalists, who have set new benchmarks in sourcing excellence, showcasing the highest standards of innovation and leadership.
Individual Award Categories
Rising Star Award
This award recognizes individuals newer to the industry whose thought leadership and expertise demonstrate immense potential for making a lasting impact on the sourcing sector.
Finalists:
- Greta Fielitz with AirBus US Space and Defense
- Mike McCall with ProcureAbility
- Amit Nath with American Honda
- Steve Williams with REI
- Rajan Tyagi with BGIS
Sourcing Star Award
This award honors seasoned veterans whose innovative work in sourcing has made transformative differences over the course of their careers.
Finalists:
- John Castelhano with BGIS
- Alex Tassini-Negri with Fan Duel
- Rakhi Agarwal with Sanofi
- Georg Roesch with Jaggaer
- Dan Gold with Charles River Laboratories
- Ron Parekh with Howden, A Chart Industries Company
- John Lehr with Firefighters First
- Ashwani Bhargava with Boeing India Pvt
- Bernard Goor with Jaggaer
- Christopher Talbot with Worldpay
- Anders Lillivek with Focal Point
- Atul Vashistha with Neo Group
- Rajeev Karmacharya with Fannie Mae
- Amy Fong with Everest Group
- Ivan Martinez with Grupo DEACERO
Supernova Hall of Fame
Finalists in the Sourcing Star category have the opportunity to be inducted into the Supernova Hall of Fame, recognizing their outstanding achievements and long-term influence in the sourcing world.
Team Award Categories
Innovations in ESG
This category honors projects that effectively address sustainable, societal, and ethical impacts within organizations, setting benchmarks for environmental and social governance.
Finalists:
- MTN Group-Global Sourcing and Supply Chain | MTN’s Bio-SIM: Pioneering Sustainable SIM Cards Across Africa
- TransAmerica | Transforming Supplier Practices for a Sustainable Future
- BGIS | Delivering Social Value through Procurement & Environmental Stewardship
- Supplier IO | How Supplier.io Helped Create 1.3 Million Jobs and Billions in Economic Benefits Through Supplier Diversity
Innovations Supplier Diversity
This category recognizes efforts to create a more diverse and equitable supplier network, which plays a crucial role in empowering underrepresented groups.
Finalists:
- Scientist.com | How Scientist.com Promotes Equity in the Biopharma Industry with its Supplier Diversity Program
- Sanofi | Supplier Diversity in South Africa
- The Hartford | Creating a National Conference-Like Matchmaker Experience at HIG’s Headquarters
Innovations in Digitization
This category focuses on the transformation of processes through digital formats, driving efficiency, transparency, and innovation across the sourcing landscape.
Finalists:
- Fannie Mae | Harnessing the Power of Digitization through Data Accuracy
- TransAmerica | Transamerica’s General Ledger/ERP Transformation
- GEP | AI-Powered GEP SMART Transforms Manufacturing Leader’s Indirect Procurement
- Grupo Deacero | Transforming Procurement at Deacero: A Journey to Efficiency and Innovation
Innovations in Sourcing
Recognizes innovative sourcing practices that revolutionize the way goods and services are procured, ensuring greater efficiency and value creation.
Finalists:
- Jaggaer Partnership with Charles River Laboratories | How Charles River Labs Digitized All Core Metrics, Spend and Savings, etc. in Global Procurement
- SAP in partnership with Warner Music Group| Creating Harmony in Music Procurement: Warner Music Group and SAP
- Arkestro Partnership with GAF | How GAF Predictively Procured Global Logistics Lanes Using Arkestro to Enable Savings Outcomes in Weeks Instead of Months
- Fairmarket with Boeing | How Boeing digitized tail spend operations using SAP and Fairmarkit
- GEP | GEP Unlocks $60M in Savings for Medical Device Leader With Sourcing Program
- TransAmerica | TransAmerica Procurement Transformation
- Agiloft with Portland Community College | How Portland College reduced time spent on procurement contracts by 50%
Innovations Supplier Performance
This category focuses on systems that monitor, manage, control, and influence a supplier’s ability to meet business needs and goals effectively.
Finalists:
- MTN Group – Global Sourcing and Supply Chain | Mktg Agency outcomes embedding Intelligent workflows & AI enabled content
- Jaggaer Partnership with Alkermes | How Alkermes Reduced Costs and Enhanced Processes with a World-Class Procurement Transformation
- Jaggaer Partnership with Fujifilm | Automating Purchasing Helps FUJIFILM Diosynth Biotechnologies Focus on Its True Mission
- Sapience Analytics | Enhancing Supplier Performance with Sapience transparenSEE
- TransAmerica Partnership with BCD Travel | Navigating TMC SLAs in the Wake of the Pandemic
- Enlighta with PepsiCo | How PepsiCo streamlined and scaled IT Supplier Performance & Governance and Contract Compliance across regions and service categories
- Trust Your Supplier Partnership with BT Sourced | How BT Sourced Enhanced Supplier Management with TYS Blockchain
Innovations Talent Management
Refers to the anticipation of required human capital for an organization and strategic planning to meet those needs, ensuring sustainable talent pipelines.
Finalists:
- Acro Service Co | How Acro Service Corp. Adds Diversity & Transforms the Market with Innovative Solutions.
- TransAmerica | Procurement Transformation
Innovations Governance
Projects in this category are focused on ensuring alignment with industry guidelines, regulations, and legislation to maintain ethical and compliant operations.
Finalists:
- Jaggaer Partnership with LabCentral | Empowering Scientific Innovation: LabCentral’s Procurement Transformation with JAGGAER
- Enlighta with PepsiCo | How PepsiCo streamlined and scaled IT Supplier Performance & Governance and Contract Compliance across regions and service categories
- MTN Group – Global Sourcing and Supply Chain | Mktg Agency outcomes embedding Intelligent workflows & AI enabled content
- Arkestro Partnership with Arm | Arm uses Arkestro to achieve supplier compliance with service level agreements and pricing across IT spend
- NeoGroup | How Neo Group Unlocked $75 Million in Savings for a Global Life Sciences Giant.
- TransAmerica Partnership with BCD Travel | Navigating TMC SLAs in the Wake of the Pandemic
- Airbus U.S. Space and Defense | How Airbus U.S. Space and Defense built innovative credibility in a short span of time.
Innovations Sustainability
This category acknowledges initiatives that integrate social, ethical, and environmental performance factors into the process of selecting products, services, or suppliers.
Finalists:
- MTN Group | MTN’s Bio-SIM: Pioneering Sustainable SIM Cards Across Africa
- Jaggaer Partnership with GE Vernova | GE Vernova and JAGGAER: Transforming Gas Power Sourcing with Lean Integration
- TransAmerica | Transforming Supplier Practices for a Sustainable Future
Innovations Outsourcing
Recognizes the strategic transfer of processes or functions to external providers to optimize operations and focus on core business competencies.
Finalists:
- GEP | Leading O&G Company Unifies Procurement, Boosts Efficiency With GEP SMART
- TransAmerica | Transamerica’s General Ledger / ERP Transformation
- GEP Partnership with WestRock | Global Packaging Leader WestRock Transforms Indirect Procurement With GEP
- ProcureAbility | ProcureAbility designed/implemented Campbell’s buy-channel governance strategy
Innovations Third-Party Risk Management
This category focuses on the effective management and monitoring of interactions with external parties to minimize risks and ensure compliance.
Finalists:
- TD Bank | TD’s Journey to Enhance Ongoing Monitoring with Technology and Automation
- Apexanalytix Partnership with Blackstone | How Blackstone Transformed Its Supplier Risk Management with apexanaltyix
The Importance of the Awards
The Future of Sourcing Awards is more than just a recognition of success; it’s a testament to the innovation, leadership, and transformative impact that define the sourcing industry. Each finalist represents the pinnacle of excellence, demonstrating a commitment to advancing the industry through sustainable practices, groundbreaking technologies, and strategic sourcing innovations.
These awards celebrate those who are shaping the future of sourcing, setting new standards, and driving the industry forward. The contributions of the finalists and winners have not only made significant impacts within their organizations but have also set benchmarks that will influence the entire global sourcing community.
By honoring these leaders, teams, and organizations, the Future of Sourcing Awards highlights the critical role of sourcing in today’s complex business environment. It underscores the importance of continuous improvement, collaboration, and innovation in ensuring that sourcing and procurement remain at the forefront of industry transformation.