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The Sourcing Industry Group held its third and final day of its 59th SIG Global Executive Summit on Thursday, where professionals came together to network and learn about trends happening in procurement.
Topics covered in the final day included sourcing, reshoring, diversity in the contingent workforce, cost savings and risk.
In this post, we’ll focus on one session about digital transformation and one on procurement tips for start-up companies.
Digital transformation is not a lost cause … All you need are a few simple steps
Digital transformation has been a part of procurement for decades. It’s not new, but it can be a headache for many people.
In a session titled “Whatever Happened to Digital Procurement Transformation?,” two GEP representatives — Vipin Gupta, a senior consulting manager, and Amol Jagfale, an associate director of global delivery — made the case for companies to reinvest in digital transformation initiatives.
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Gupta said that COVID-19 did halt many companies’ digital transformation efforts since the pandemic forced companies to solely focus on “keeping the lights on.” However, digital transformation will come back, possibly even stronger.
About half of vendors are using blockchain …
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