OUR STRATEGY

Diversity Equity and Inclusion

Including diverse suppliers in the supply chain is sourcing’s contribution to the corporate DE&I objective
The importance of sourcing inclusion cannot be overestimated.
The impact of successfully delivering on the objective of sourcing inclusion is crucial to the achievement of DE&I
Supplier Diversity must be communicated throughout the sourcing organization using the same language as all other sourcing objectives.

For every dollar spent by corporations in the diverse community, 3 dollars of value is realized, making Supplier Diversity the most impactful action taken in the DE&I ecosystem
Employees of diverse businesses utilized by corporations are 10x more likely to purchase or utilize that corporation’s product or service.
At its core, Supplier Diversity activities are grass roots marketing, creating positive branding and increasing market share.
While difficult to measure, we know that including diverse businesses in our supply chain adds market value to the organization

DE&I will never be integrated into business culture if we continue to consider the effort a program in our sourcing discipline
The consideration of new material and service providers must be data driven, evaluated and validated the same way as other sourcing activities.
Generic MWBE sourcing goals demotivate sourcing professionals, because every category has unique inclusion opportunities.
Identifying the appropriate and applicable numeric goal provides sourcing professionals the data needed to actively consider new providers.

Often, in the design and development phase of a Supplier Diversity effort, a current sourcing professional is tapped for this role.
The addition of Supplier Diversity to an experienced sourcing professional will provide a new perspective for the employee.
However, adding this responsibility to an already heaping plate will only result in poor results and frustration.
The best way to ensure both employee and organizational success is to utilize an experienced Supplier Diversity Initiative development consultant to create a Supplier Diversity Integration Plan
Once developed, the consultant will work with the identified integration manager to hand off the plan and consult when necessary.
This provides the best opportunity for success – internal execution combined with external development expertise.