Procurement executives now have access to world-class executive and operational research, critical market intelligence and competitor benchmarking following the launch of the Procurement Intelligence Unit.
The PIU, launched by Sigaria earlier this year, is a vendor-free membership community that provides a single destination for understanding the market conditions, best practices, cross-industry approaches and hot topics in procurement from all corners of the world.
With some of the largest companies in the world already signed up as chartered members, the PIU promises to differentiate leading companies from followers and help strategic sourcing executives make better decisions in innovative areas such as supply chain finance and demand management.
Mark Perera, chief executive of the PIU, explained just how crucial market intelligence is. “One of our clients experienced a rate of inflation in one of its commodities of 1100% in a single year,” he said. “Proper intelligence allows you to prepare for such events.”
The truly global nature of the procurement profession has been reflected by the Procurement Leaders Network as it successfully launched in the US with a series of high-level events which attracted scores of US-based procurement executives.
The PLN has held four separate events in the US, attracting senior sourcing professionals to roundtable discussions in New York and San Francisco. And the success of those events has left Matthias Gutzmann, vice president of international operations at Sigaria, in no doubt that the US offers an exciting opportunity.
“The procurement profession is a global one,” said Gutzmann. “To reflect that, our first step is to offer knowledge sharing between our European members and North American colleagues. This will be followed in 2010 with further events in Asia. While there are subtle differences in approach, the challenges remain common regardless of where in the world these executives are based. Cost control, supplier innovation, risk management and CSR are all global issues.”
Procurement Leaders magazine has been shortlisted for two major awards in the UK's most prestigious publishing awards, the PPA Awards for Publishing Excellence 2009.
The flagship title of publishing and information provider Sigaria was shortlisted in two categories, Monthly Business Magazine of the Year and Columnist of the Year (Business Media), for which its regular columnist Neil Deverill was picked out.
The awards are seen as the 'Oscars' of the British publishing industry, and will see Procurement Leaders fight it out with magazines and writers from many of the biggest publishing companies in the world.
"These shortlists are testament to how far Procurement Leaders has come in such a short space of time," said Alex Martinez, managing director of Sigaria's publishing division. "Providing cutting-edge, insightful products has always been the core objective of this company and it's gratifying to see that independent assessment by industry experts backs this up."
David Rae, editorial director of Sigaria, said that the content of the magazine made it difficult for the judges to ignore. "The aim of the magazine is to provide a window into the thoughts and beliefs of some of the most senior procurement executives in the profession," he said. "Neil Deverill's shortlist is a good example of this."
Procurement professionals should block the 13th May 2009 out of their diary after Sigaria announced the date for its Procurement Leaders London Forum.
The showcase event will be preceded by its annual awards ceremony on the evening of 12 May, both of which will be held at Banqueting House, Whitehall in London.
The Forum, which is the industry’s highest-profile gathering of senior procurement talent promises to be even better than last year, with IBM’s global head of procurement, John Paterson, set to speak together with Novartis CPO Philip Duncan and Johnson & Johnson CPO Hans Melotte.
Alex Martinez, event organiser and marketing director at Sigaria, said that both events would bring together the brightest minds in purchasing. “2009 promises to be a truly great event. We have some of the most respected figures in world procurement already signed up and Banqueting House provides a fitting location for such an esteemed gathering,” he said. “As the economy looks increasingly fragile, business leaders need to develop their networks and share ideas. The London Forum will provide the perfect platform.”
A new head of research has joined Sigaria and the Procurement Leaders Network, in a move aimed at increasing peer-to-peer benchmarking services and in-depth studies of the procurement space internationally.
Michelle Perkins, who joined Sigaria from Global Insight, has brought a wealth of experience in corporate research services to the company, said CEO Mark Perera. “Michelle is an excellent addition to the senior team at Sigaria,” he said. “Her knowledge of procurement combined with her long experience in the field of research promises to bring real value to network members.”
Perkins will work closely with the editorial director David Rae to help complement the existing editorial services already offered by Procurement Leaders. As a result, said Perera, network members would have access to topical, in depth and deeply relevant editorial – the like of which is unavailable anywhere else.