March…the month that usually roars in like a lion and out like a lamb. That may be the saying, but at SIG this year, we are roaring all month long. We started the month in the UK with a spectacular London Regional event, and we will end March with our Global Sourcing Summit in Jersey City, NJ. In between we are hosting regionals in other cities, planning our first International Outsourcing Expedition and experiencing record breaking attendance for our webinar series. The economy is finally showing signs of recovery both at home and abroad and our membership is constantly requesting more from SIG.
Every time I am at a Regional event with our members, I am reminded of what incredible resources everyone brings to the table. The depth of knowledge, experience and practical advice people willingly share are impressive beyond belief. The London event was no exception, where I was reenergized and elated to hear so many success stories from our members. We had brilliant conversations about how much opportunity still exists in outsourcing today and how the world at large still thinks that “outsourcing” and “offshoring” are synonymous. I was excited to hear how Symantec aligns their goals to the business stakeholders’ annual plans to create Victory Plans; how they rebranded their old procurement group into “Symsource” and how they are now a highly-sought after partner and value contributor within their company. PA Consulting discussed the trend for Global Business Services to bring together the back office functions of Finance, Procurement, IT and HR to dramatically transform companies and reduce costs while at the same time increasing efficiencies. From very strategic conversations and panel discussions on the future of outsourcing…to more tactical ones where we talked about identifying leakage in savings through tools like SAP and Emptoris, we covered it all. We even heard a statistic from IQNavigator that only an average of 50% of services spend is actually captured in SOW’s today. Talk about opportunity!
March is also a time when we are focusing on what really makes our members tick. We are excited to be launching an in-depth member market assessment this month, where we will work to identify, quantify and understand all of our members needs, wants and desires. Since staying still is not an option, our team is dedicated to working with you and member company Protiviti, who is leading our market assessment, to deliver to your collective expectations. Please take time to answer a survey, take a call or provide a suggestion. We at SIG are here to listen and proactively contribute to your success.
At the end of this month, I am hoping to see all of you at the Global Sourcing Summit. Between amazing general sessions…executive roundtables for procurement/sourcing, outsourcing/IT and legal…our first direct material/manufacturing roundtable…10 workshops and 38 breakout sessions, this Summit will provide the impetus for change and the critical success factors to lead that change in your company. Bring plenty of business cards, come with an open mind and a willing handshake to share with industry leaders, and help us end March like the king of the jungle!