You know your work has value and you’re very familiar with the tangible business benefits of supplier diversity programs, even if your wider organization isn’t familiar with them quite yet. Here are a few ways you could get more visibility into your program and more interest in the story you have to tell.
The best strategies for managing supplier data really depend on what’s best for your business, but there are a few proven ways that can yield results no matter your needs.
The key to creating compelling supplier diversity reports—the kind of reports that make the C-suite want to know more about your work—is collecting smarter data and using it in smarter ways.
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.
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.
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.
This week we'll touch on the basics of creating an economic impact analysis—how do businesses usually organize the information? What might your first analysis look like?
It'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.