We’ve talked about the Top 5 Challenges facing every supplier diversity program and shared some of the secrets of top performing programs. Today we’ll be highlighting four of DiversityInc’s Top 15 Companies for Supplier Diversity and discovering what makes their programs special.
There are thousands of different supplier diversity programs out there. While it is certainly true that success looks different from business to business, we’ve noticed a few qualities that are common among some of the top performers in the supplier diversity community:
by: Daryle Johnson, Manager of Strategic Business Development and Data Management and Visualization
Supplier diversity program management is an especially unique and challenging role. It requires flexibility and a combination of very broad and very specific knowledge about your own business and that of your suppliers.
If you’ve tried your hand at an economic impact analysis or any other kind of supplier diversity reporting, you’ve likely run into serious challenges. Most businesses have large amounts of data, after all, but they don’t trust it or know how to use it to their advantage. It may be held in separate systems that don’t communicate with one another. Different areas of the business have different information on the same suppliers, and it takes hours to pull together the most basic reports.
by: Daryle Johnson, Manager of Strategic Business Development and Data Management and VisualizationIn last week’s supplier diversity blog, I introduced the basics of an economic impact analysis and why it can add an extra boost to your supplier diversity program reporting beyond simple spend analysis. This week I want to touch on the basics of creating an economic impact analysis—how do businesses usually organize the information? What might your first analysis look like?
by: Daryle Johnson, Manager of Strategic Business Development and Data Management and VisualizationIt's no secret that proving the impact of your supplier diversity program can be a struggle. We all know that supplier diversity benefits are real, but what’s the best way to show them? Your program can't be successful if you don't understand your suppliers, and understanding your suppliers depends on how well you analyze and collect data.
April, 30 2018 Posted by Matthew Crissman
April, 25 2018 Posted by Susan Clark