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Article: The changing face of supplier diversity: procurement and diversity groups work together to win support, increase spend.(sourcing strategies)
- Article from:
- Purchasing
- Article date:
- August 11, 2005
- Author:
CopyrightCOPYRIGHT 2005 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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More and more businesses today are realizing and leveraging the business case for increasing their spend with minority and women-owned suppliers. In a recent Purchasing.com poll, 65% of respondents said such supplier diversity was either a mid-level or high-level priority to them. But as the goals for supplier diversity and the organizations managing those goals grow in size and complexity, it becomes more crucial to manage the relationship between procurement, supplier diversity and corporate leadership.
Establishing the business case
Clearly the first step to successful coordination between supplier diversity and top level procurement/supply chain ...