Future of Sourcing Awards

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The Future of Sourcing Awards celebrates organizations and individuals that show innovation, leadership and transformation in categories that are critical to the sourcing industry. The 2019 Awards will take place on Wednesday, October 16, 2019, the capstone evening at the SIG Global Executive Summit. Attendees will enjoy dinner, networking, entertainment and an awards ceremony delivered in the most innovative ways imaginable. This event will bring together some of the brightest minds, the best insights and the most relevant topics to create a truly remarkable experience.

From this author

Innovations in Talent Management: Cambridge Health Alliance
Sep 24, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

This initiative started in response to the need to develop a Supply Chain Analytics team. Cambridge Health Alliance leadership realized the potential of better managing vast amount of supply chain data. The Senior director of Supply Chain Management drafted a proposal to begin implementing analysts to work with the data and identify cost savings and utilization...
Innovations in Talent Management: University of Tennessee
Sep 22, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

In 2003 the University of Tennessee (UT) began a research project funded by the U.S. Air Force to answer this question: “Is there a better way to outsource?” They studied some of the world’s most successful supplier relationships to learn why some outsourcing deals were highly successful while others either failed to live up to their initial...
Innovations in Governance & Compliance: E*TRADE Financial Corporation
Sep 21, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Our Procurement team took over the process to identify vendor inherent risk from our Third Party Risk Management (TPRM) group. The process we acquired was driven by email and shared drive folders. We were receiving an average of 70 emails per week, and this manual, high volume process was ripe for human error.   
 
We decided...
Sep 20, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Our S2S (short for Sourcing to Stakeholder) platform was developed to be a scalable Strategic Sourcing information system for managing projects, suppliers, and most importantly to evolve our stakeholder relationships. Google’s mission is to organize the world’s information and make it universally accessible and useful. To do this, innovation, speed,...
Innovations in Governance & Compliance: The Boeing Company 2
Sep 19, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Boeing identified the need to digitally transform its design and manufacturing systems to standardize the tool suite, drive tighter integration across the enterprise, enhance business flexibility, and generate significant productivity improvements to produce products with speed and agility. A key component of this program is the Product Lifecycle Management (PLM...
Innovation in Governance & Compliance: The Boeing Company
Sep 18, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

At Boeing, stakes cannot be higher than human life, so we must align our values in all that we do.  
 
External hosting, or cloud solutions as they are commonly called, are part of IT best practices. Yet external hosting presents unique sourcing risks in the domain of information security and partners’ vulnerabilities. Boeing...
Sep 16, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

With over 50% of its IT workforce outsourced, Boeing cannot deliver IT services without robust supplier contracts and vendor governance. With increased competition for new talent (resulting in turnover) there is a need for better tools, training and mentorship. Consequently, we developed what we call the Integrated Sourcing Roadmap, the Sourcing Knowledge...
Innovations in Third Party Management: Sprint Corporation and Ivalua
Sep 12, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

We embarked on the project as part of our larger digital transformation journey. In this case, we were seeking a configurable a flexible procurement platform to:  
(1) Manage our sourcing, contracting and other procurement projects;  
(2) Conduct masterful sourcing events (RFXs and eAuctions); and  
(3) Take...
Sep 11, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

The client, a multinational Oil & Gas company with users across multiple locations had been using a legacy system along with other stand-alone systems to drive its procurement operations and associated activities such as savings tracking. The lack of integration between these different systems complicated the processes to be followed by the end user. Along...
Innovation in Digitization: TIAA
Sep 08, 2019    0

Can you outline why your team embarked on this project and the problem that needed to be solved?

Our Sourcing team members continually look for ways to improve processes and knew that time was being wasted emailing documents back and forth at the beginning of the engagement process for new deals. Version control for these documents had also become an issue. Additionally, business partners were constantly asking for status updates regarding their deals/...

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