SIG The Sourcing Industry Landscape

Innovations in Sourcing w/ GEP and HERE Technologies

Welcome to a special edition of the Sourcing Industry Landscape podcast, hosted by Dawn Tiura. This episode highlights team finalists for Sourcing Industry Group’s (SIG) Future of Sourcing Awards in the Innovations in Sourcing category.

The teams nominated for the Innovations in Sourcing category have demonstrated excellence in their field and represent the best example of innovation, transformation and/or leadership in sourcing.

About the Teams:

  • GEP – Their client, a multinational manufacturer of consumer-packaged goods, sought to transform its end-to-end procurement function. As the service partner, GEP led a three-pronged approach spanning indirect sourcing, external supply chain and capital. You’ll learn how the overall program focused on addressing key hindrances to value creation, such as multiple buying processes, lack of alignment between contract and sourcing, dearth of established processes to support indirect sourcing and supplier relationship management, among others.
  • HERE Technologies – We were not strategic with our approach to global sourcing and customers complained about how difficult it was to do business with HERE. This had to change. We focused on three tenants – operational excellence, transformation and innovation. The strategy: drive savings while generating new ideas and introducing technology that would streamline and automate our processes. You’ll hear how this resulted in renewed energy and focus that can be seen throughout the organization. HERE’s sourcing team is now recognized as a trusted partner across the company based on these outcomes.

About this Series:

Over the coming weeks, listeners will be introduced to the teams and individuals whose work has had significant impacts on the industry, the organizations for which they work and their colleagues. The Future of Sourcing Awards will take place at SIG’s Fall Global Executive Summit on October 17 in Rancho Mirage, California.

Links and Resources:

About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.