Daily Archives: December 17, 2012

Supplier Diversity Meets Supply Management: A Roadmap for Success (Part 4)

First on our list today is reiterating the importance of how and why details matter. The proverbial guy with horns and pitchfork lurks everywhere details live, and data cleansing and classification is no exception. And unfortunately, cleansing and classification efforts are actually more complicated than they might seem at first glance. The corporate data point of reference is usually the A/P vendor master – and the reports you (the SD professional) are expected to come up with on a regular basis, are typically rear-view mirror activities that are concerned only with how much your company paid to SMWBE firms in the previous quarter, year, or by contract (especially if you have federal contracts).