As we have entered the realm of friction-based supplier relationships, the time has come to reinvigorate leading practices from Keiretsu through an improved alignment and external vertical integration with your critical suppliers, says Tyler Higgins, Managing Director of AArete.     As AArete prepares to attend the upcoming SIG Technology Summit, April 16-19 in Amelia Island, Florida I wanted you to consider the volatile commodity market and economic environment of the past few years that has pitted suppliers and companies against each other. Against all odds, businesses achie ..read more

In an exclusive article Siddharth Poddar - Practice Head, Procurement Insights at Polestar Solutions shares his insights into the need for procurement analytics maturity model, key steps to assess and improve procurement analytics maturity and how to build a sustainable procurement analytics program.     It’s been 3 years since the start of Covid-19 pandemic, and it is hard to believe what all the world has gone through in these 36 months. Fortunately, barring a few countries, Covid-19 has all but fallen out of newspaper headlines and businesses all over the globe are trying to ..read more

Leaders from Citi, ZipHQ, VNDLY and others to speak on innovation, organizational brilliance and best-in-class technology solutions across sourcing and procurement.   JACKSONVILLE, Fla.--SIG|ORG (Sourcing Industry Group), the premier membership organization for sourcing, procurement, outsourcing and third-party risk professionals, today announced the keynote programs and agenda for its upcoming Procurement Technology Summit in Amelia Island, Florida from April 16-19, 2023. The four-day networking event will offer industry leaders across sourcing and procurement the opportunity to inte ..read more

New Sourcing Industry Group Advisory Board members will serve three-year terms and help guide the strategic direction of SIG. March 15, 2023 | Source:  SIG|ORG (Sourcing Industry Group)   Jacksonville, FL, March 15, 2023 -- SIG|ORG (Sourcing Industry Group), the premier membership organization for sourcing, procurement, outsourcing and risk executives, today announces the appointment of seven senior executives to the SIG Advisory Board for a three-year term, including:  Gilles Neron — Vice President, Strategic Procurement & Corporate Real Estate at Air Canada Edmund Z ..read more

Grace Lau, Director of Growth Content at Dialpad, shares all you need to know about why turnover in the supply chain sector is one the rise, and what you can do about supply chain talent retention.     Turnover is a growing problem in many industries and more so in supply chain sectors than most. So, why do employees leave jobs that they're good at? And what can be done to make them stay?   It’s not always clear what supply chain talent wants from their career. It's hard for employers to know whether to raise salaries or better equip the office with the best call center solu ..read more

Chatbots such as ChatGPT are everywhere, and it's time to enable it to support your procurement team, says Tyler Higgins, Managing Director of AArete. Read on to learn more!   The topic of 2023 to date: ChatGPT, and other transformative AI technologies that have created novel personal experiences, but the question remains, how can it make your business better? And, when is the time right to utilize the innovation across key business functions? While we are only at the infancy of the power of AI driven chatbots, the prevailing market positions has created a call of action to drive res ..read more

In her October 24th 2022, The Drive article, Emma Helfrich reported the following: “An engine designed by the Austrian company Rotax was discovered installed in one of Russia’s Iranian-made Mohajer-6 drones that went down over the Black Sea earlier this month.”  Helfrich then said, "Rotax says it has launched an investigation into its engines powering Iranian drones.”   In response to the above news, an October 2022 Procurement Insights article posed the following question to its readers: “how deep into the supply chain should procurement’s responsibility extend?” Specific to the R ..read more

In this series, Future of Sourcing is talking to practitioners, technologists and executives to get their insights and expertise on navigating current and future challenges impacting sourcing, procurement, risk and supply chain professionals. After the past two years, there’s a lot that we can learn from each other.   1. For the longest time, procurement was measured on cost savings, but now contract management and supplier relationship management are rising priorities. How can organizations drive success in these areas? The goal of supplier relationship management (SRM) is to establ ..read more

Download The Report   Your Guide to Supply Chain and Procurement Success in 2023   Uncertainty clouds over the outlook for 2023. The concerns are many: disruptions, shortages, conflicts, inflation and the threat of recession. But supply chain and procurement leaders are getting used to it. They’ve been battling crises for three years now and, in 2023, they stand ready to lead through the next round of challenges.   Get a head start with the GEP Outlook 2023 report — it examines global business trends and features seven critical leadership themes that will help you prepare for ..read more

Agility is not a reflex action (or reaction). Instead — through proactive activities such as building stronger and more collaborative relationships with suppliers, procurement departments can quickly pivot to meet an issue, says Dawn Tiura, CEO and President of SIG, SIG University and Future of Sourcing Digital Publication.      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, Unce ..read more