Source One Procurement and Strategic Sourcing March 2016 Newsletter
 

The ReSource – March 2016

Source One Newsletter - March 2016 Edition

 

 


– SOURCE ONE NEWS –


January 15: NEW WHITE PAPER on Predictive Analytics in Procurement

Read Source One’s latest addition to our portfolio of procurement research and white papers- The Future of Spend Management: Predictive Analytics. The days of thinking of data as historical measures are, well, history. With proven track records in the areas of retail and healthcare, it’s time for organizations to start leveraging these tools outside of sales and marketing, and implementing predictive analytics in procurement and strategic sourcing. The Future of Spend Management – Predictive Analytics takes a look at the vast potential made possible when deriving patterns to support faster and smarter purchasing decisions, as well as how to get started.

February 2: Source One Honored as Exclusive Sponsor of ISM2016’s Exec IN Forum

Will you be attending ISM2016? Source One is proud to be the exclusive sponsor the ISM’s Exec IN forum at the upcoming conference this May. The private forum hosts senior-level supply management executives of large companies to discuss the topics relevant to supply chain operations at their scale. The all day event is a component of ISM2016’s Corporate Team Experience and includes expert-led round tables as well as unique networking opportunities.

February 17: Source One’s Consultants Named SDCE 2016 Pros to Know

Supply and Demand Chain Executive Magazine has released their 2016 Provider Pros to Know. Among those listed are Source One’s William Dorn, Lindsey Fandozzi, and Jamie Burkart. The Pros to Know winners have been recognized for their innovative approaches to various supply chain obstacles, allowing their clients to gain a competitive advantage by leveraging supply management solutions. The complete list of winners, including Source One’s subject matter experts, will be published in the Supply and Demand Chain Magazine March 2016 Edition.

February 29: Source One’s MRO Category Expert Recognized as a 2016 Rising Supply Chain Star

Congratulations to Source One’s very own Senior Project Manager, Michael Croasdale – recently named a 2016 30 Under 30 Rising Supply Chain Star by ThomasNet and the Institute for Supply Management. The annual award recognizes 30 outstanding supply chain professionals who are 30 or younger. Croasdale makes the list as “The Innovator” for his accomplishments implementing a preferred vendor program that utilized an advanced ordering guide Croasdale developed using Google Maps. The new program optimized ordering processes for the client in addition to saving the company over $1M.


– LATEST INSIGHTS –


Welcome-to-2016-in-Sourcing

Welcome to 2016 in Sourcing

Source One’s VP of Operations, William Dorn reflects on the past year in procurement and strategic sourcing, taking a look at the growing interest in nearshoring supply chain operations, stronger supplier relationship management, and an influx demand of subject matter experts for complex spend categories. Dorn shares with readers what organizations are seeking the most when it comes to indirect and direct sourcing. With some challenges remaining the same, Dorn explains what to look out for in the upcoming year and what opportunity he sees ahead for Procurement and Strategic Sourcing groups.

Social-CRM

Social CRM and 7 Key Attributes to Consider When Sourcing a Platform Provider

Senior Analyst, Liz Skipor puts her Retail and CRM expertise to work, outlining what you need to know when sourcing a social CRM system. The integration into social media, e-commerce, and other CRM supported platforms is crucial to customer retention, expanding your consumer base, and obtaining the ability to segment consumer data in countless ways for targeted marketing. Ensure your sCRM fulfills these seven criteria and set your organization on a growth trajectory.

trust-procurement-process

Can we really trust the procurement process in 2016?

While having an established sourcing process is often a major strength, having the intuition to know when straying from traditional processes can be the key to success when it comes to sourcing complex categories like Marketing. Source One’s Analyst and Marketing pundit Peter Portanova addresses the disconnect that occurs all too often between marketers and procurement. Leveraging his experience supporting countless agency sourcing initiatives, Portanova lends insight into procedural solutions that can benefit both Procurement and Marketing Groups.

Nerds

The Future of Procurement: How Nerds Will Reshape It?

Would you believe that this newsletter was written by a computer? It wasn’t, but companies like the Associated Press are utilizing computational journalism – powered by an algorithm that compiles data into meaningful reports or articles. This is just one of the many ways companies are leveraging algorithms to optimize business processes. Source One’s Data Scientist James Patounas takes a look at how algorithms are shaking things up and what it means for procurement.


– A LOOK FORWARD –


Source One at ISM2016

The premier supply chain event of the year kicks off in a little over two months! Be sure to visit our booth #528 and check out our session as our experts discuss how to build a successful procurement organization while navigating the challenges of managing an increasingly contingent workforce.

 

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