Winners Announced for Source through Supply Chain Innovative Products Awards

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SIGInnova Product Forum to take place at the SIG Global Executive Summit in October

SIGInnova announces winners for innovative products forum taking place at SIG Global Executive Summit

The selected products demonstrate exceptionally innovative thinking and top quality performance by the companies that provide them.

SIGInnova, in conjunction with its partner Sourcing Industry Group (SIG), has named the winning products to be presented during the SIGInnova Product Forum taking place at the SIG Global Executive Summit October 15-18, 2018 in Rancho Mirage, CA. With a mission of helping F500 procurement executives create the future of procurement, SIGInnova works with SIG’s member companies to identify areas where technology and solution gaps exist and then meet those needs with innovative, emerging products. For products selected for implementation, SIGInnova facilitates buyer-provider teamwork to reduce risks and expenses, and potentially improve performance.

Joining the four innovative products in SIGInnova’s initial cohort last March, the following (in alphabetical order) were selected for their creativity and positive impact on source through supply chain during SIGInnova’s emerging innovative products evaluation process:

ConnXus; Business connections are often hard to make due to data inconsistencies, RFP complexities, conference costs and lack of centralized business information. ConnXus empowers global procurement by changing the way buyers and suppliers connect. The ConnXus platform allows global diverse and non-diverse suppliers to create and maintain secure profiles in one place, streamlining the sourcing process. myConnXion makes supplier management and risk simple, through mobility. http://www.connxus.com

Mareana can make gaining insight from previously inaccessible data a repeatable part of your business process and culture, customized to your exact needs. Mareana’s products help you discover, structure and analyze data, in any format, diving into the abyss to surface insight for you faster. The proprietary technology platform enables anyone in your company to search all of your data, even inside of images such as design documents. Once located and extracted Mareana helps you solve the toughest data challenges and apply multiple predictive models to determine your best option. http://www.mareana.com

SirionLabs is transforming contracting engagement between enterprises by bringing the parties closer together across the full lifecycle of the contract – from authoring to performance to closure. Sirion’s award-winning platform’s advanced capabilities enables enterprises to effectively manage all key aspects of strategic supplier engagements – contract, performance, financial, relationship and risk management – on a single platform, driving tangible cost savings of 10% of average contract value (ACV) while reducing the cost of governance by 45%. http://www.sirionlabs.com

Each company will present the features of their product to an audience of procurement executives who have expressed interest in working with earlier stage products, assisting companies in product refinements and potentially being adopters of products that are of significant interest to them.

“We’re thrilled to add ConnXus, Mareana and SirionLabs to SIGInnova’s growing family of innovative products that have the potential to significantly upgrade the performance of Source through Supply Chain, accelerating improvements and the pace of change. The selected products demonstrate exceptionally innovative thinking and top quality performance by the companies that provide them,” said Barry Wiegler, SIGInnova’s Founder and CEO. Added Dawn Tiura, SIG President and CEO, “We look forward to helping SIG members benefit from these products and assisting the providers in reaching their potential in a more cost-efficient and swift manner.”

Procurement executives interested in SIG’s October Global Executive Summit can learn more at http://www.sig.org/summit.

About SIGInnova
SIGInnova seeks to increase the corporate profits of buy-side companies through accelerated adoption of emerging products that substantially improve Source through Supply Chain performance.

SIGInnova leverages the collective knowledge, ideas and purchasing power of procurement executives of Fortune 500 and Global 1000 companies to conceive new products and improve, evaluate and implement emerging products while simultaneously helping providers efficiently design, develop, refine and capitalize on these products.

SIGInnova is driven by a Leadership Council, which is comprised of the procurement executives of major buy-side companies. The Leadership Council identifies areas of primary interest, determines criteria for identifying and reviewing emerging products, participates in evaluating products, provides a primary source of advice for product providers and works with SIGInnova’s management to build and refine the model. http://www.siginnova.com

SIGInnova is operated by Creatze, an innovation and product facilitation company in partnership with the Sourcing Industry Group (SIG). Creatze is led by Barry Wiegler, SIG’s founder and former CEO.

About SIG
SIG, http://www.sig.org 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 Future of Sourcing, a digital publication which provides unrivaled content for the opinion-formers and decision-makers at the heart of the sourcing, outsourcing and procurement space.

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