Category Archives: Supplier Diversity
Curing a Supplier Diversity Headache
Just about everyone in a US-based sourcing and procurement organization knows something about supplier diversity. We’re even seeing an increased global focus, such as that on indigenous aboriginal-owned suppliers and content in Australia and Broad Based Black Economic Empowerment in South Africa. Yet few involved in the function know the nuances of how to impact diversity spending in practice, let alone where to get started. One of the largest challenges facing diversity programs is need for greater visibility into spending activity. Everyone needs it. Diversity-focused spend analysis and vendor classification work is absolutely necessary for accurate reports that will stand [...]
[More...]Supplier Diversity: IKEA in India
Supplier diversity comes in many shapes and forms, and one of the functions is to identify and develop small, and local businesses that can be brought into the company’s supply chain to drive sales and meet government requirements (city, state, national) and/or appease certain constituents. Done correctly, this does not become a window dressing or cronyism exercise but drives profitable growth through increased innovation and stronger ties to the customer base. Supplier diversity teams have an important role in the areas of engaging with local governments, to highlight procurement successes, identify areas of opportunity, and understand the typically multi-tiered nature [...]
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