Author Archives: Morgan Zombolas

Supplier diversity is a missing business strategy, argues Jamie Crump in her book ‘Backstage Pass’

While a lot of organizations today see supplier diversity as the role of procurement within the company, if there is a diversity goal, then each of the different players in an organization has a role. Supplier diversity is a much broader initiative that, like any good business strategy, takes a village. It isn't for show, and it should not solely be a “supply chain issue” either, says Jamie Crump, President of the Richwell Group, a consulting firm that focuses on strategic sourcing and supplier diversity.

In her new book, “Backstage Pass: Pulling the Curtain Back on the Business of Supplier Diversity,” Jamie says that a sound supplier diversity program is very much C-suite material and that elevating it to a business strategy improves your bottom line.

SIG Summit dispatch: Procurement with purpose in the COVID-19 Era

Continuing with coverage of the digital SIG Procurement Technology Summit this week, I attended session No. 18: “Procurement with a Purpose in the COVID-19 Era.” Moderated by our own Sheena Smith, Managing Director of North America for Spend Matters, the session included three panelists: Paul Polizzotto of Givewith, Adam Vasallo of Big Brothers Big Sisters and Sushmita Banerjee of Boston Consulting Group.

As supply chains touch essentially everything every day, not just in this era of COVID-19, procurement is becoming increasingly human and personal — people are being furloughed, companies are actually consulting their force majeure clauses and asking for concessions, etc. While procurement departments are impacted and have gone back into cost-cutting mode, communities are also incredibly impacted. As such, how can you, as procurement, make your spend count in a way that benefits buyers, sellers and nonprofits?

SIG Summit dispatch: The importance of the customer-supplier relationship and the COVID-19 crisis

As part of this week’s digital SIG Procurement Technology Summit, I attended Breakout Session No. 9: “Becoming a Customer of Choice or How to Avoid Hearing ‘You're Fired!' ” In the online panel discussion moderated by Mike Morsch, Vice President of Procurement & Supply Chain at CDK Global, representatives from both the customer and supplier worlds discuss what customers should be doing when working in today’s COVID-19 environment — and what they are doing to support and encourage suppliers, especially startups with limited time and resources.

2020’s top vendors named in new ‘50 Providers to Know’ and ‘50 Providers to Watch’ lists

The 2020 lists for Spend Matters’ “50 Providers to Know” and “50 Providers to Watch” have been published.

Each year we recognize 100 vendors in the industry as part of two lists: the best-in-class companies you need to know about and the up-and-coming, growing firms you should keep your eye on.

The 50 to Know and Watch lists are determined by the entire Spend Matters analyst team to represent the best of the commercial providers that serve enterprise-level procurement organizations. View the full 50 Providers to Know list in the Spend Matters Almanac. View the 50 Providers to Watch list here.