SIG Announces the Launch of the SIG Innovation Accelerator (SIA) to Empower Corporate Leaders to Create the Future of Procurement

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SIA’s multi-industry Leadership Council includes executives from ADP, BNY Mellon, Boeing, Guidewell, Honda, Huntington Bank, Moody’s, Nordstrom, Weyerhaeuser and others

SIG announces the launch of the SIG Innovation Accelerator

SIA facilitates innovation within SIG's members and leverages the ideas, experience and buying power of its' globally recognized member corporations...

SIG, the premier membership organization for sourcing, procurement and outsourcing executives, today announces the launch of the SIG Innovation Accelerator (SIA), which empowers the leaders of major buy-side companies and providers of innovative products to create the future of Procurement.

The SIA facilitates innovation within SIG’s members and leverages the ideas, experience and buying power of its’ globally-recognized member corporations to create and support new products for Source through Supply Chain (SSC) and apply these to improve profit and manage risks. Unlike traditional business accelerators that begin with products seeking a market, SIA’s unique model begins with the needs and product ideas generated by the Chief Procurement Officers (CPOs) of participating Fortune 500 companies.

SIA formally launched in December 2017 in New York City and Seattle with inaugural ideation and planning meetings of its Leadership Council, comprised of 24 procurement executives representing a number of the world’s largest companies. Over 30 product ideas and needs were generated by the Leadership Council, with a mandate for SIA to find the most qualified providers or—where gaps exist—further define and potentially facilitate development of new products.

To help ensure robust innovation within the SSC pipeline, SIA will work with select mid-and early-stage providers to help bring innovative products to market. Services for these companies include coaching to help with product considerations and requirements, custom buyer executive focus groups, exposure to F1000 buy-side procurement organizations and proof of concept opportunities within member companies.

SIA is a partnership of Sourcing Industry Group (SIG) and Creatze, which provides a portfolio of innovation services and is led by Barry Wiegler, founder and former CEO of SIG. “Sourcing Industry Group provides top quality research, education and networking for many Global 1000 companies,” says Wiegler, President and CEO of the new SIG Innovation Accelerator. “This further emphasis on innovation within member companies is a very natural and timely extension to its services. We are excited to work with SIG to help their member companies capitalize on rapidly advancing technologies and resulting products.”

“We are thrilled to be working with Barry Wiegler and Creatze to bring this idea to market,” says Dawn Tiura, President and CEO of SIG, and Chairman of SIA. “Barry has always been a visionary in the field of sourcing and procurement and this is a natural extension that will help us in our mission of elevating the office of the CPO.”

About SIG
SIG,  is a membership organization that provides thought leadership and networking opportunities to executives in sourcing, procurement and outsourcing from Fortune 500 and Global 1000 companies and the advisors who serve them. SIG is widely known as a forum for sharing “next” practices and thought leadership through live networking events, virtual forums and a comprehensive online SIG resource center (SRC), which was developed by and for professionals in sourcing and outsourcing. The organization is unique in that it blends practitioners, service providers and advisory firms in a non-commercial environment. SIG is also the parent organization for SIG University, a one-of-a-kind certification and training program for professionals and executives seeking deep expertise in sourcing and governance for themselves or their teams, as well as Outsource, which provides unrivaled digital content for the opinion-formers and decision-makers at the heart of the outsourcing space.

About Creatze
Creatze, helps companies create, develop, transform and sell innovative products based on advanced technologies. The Creatze team also helps major corporations successfully capitalize on innovative products, including facilitating co-innovation between buy-side companies and their major suppliers.

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