Supplier Diversity Programs came into existence when President Richard Nixon signed Executive Order 11625 in 1972 and focused on African Americans. In the 40+ years since then, the concept has become more inclusive, incorporating more ethnic minorities, women, veterans, the LGBT and disabled communities and other small businesses in the USA and sometimes abroad. The programs’ focus upon diverse suppliers has also matured ranging from outreach to targeted and measured supplier development initiatives. As the CPO, you’ve communicated Supplier Diversity’s values: its relationships to the multiethnic consumer, its opportunities to identify innovation and how it supports Corporate Values. But… are we missing opportunities to support:
- Procurement’s larger objectives if Supplier Diversity (SD) programs are siloed and not aligned with Sourcing’s DNA?
- Are SD’s measurable goals aligned with the Operational Master Plan?
- Are SD wins included in evaluations and opportunities for your teams development?
- Are Diverse Suppliers included in SRM programs and opportunities?
As People Leaders, you see the opportunities and the barriers for driving change in this area. During this in-depth panel discussion, we will review opportunities for Supplier Diversity to strategically support procurement’s successes and breakthroughs for increasing effectiveness.