Supplier Best Practices

Driving the Success of Your Supplier Program Through Best Practices and Benchmarks

Building Strong Programs Starts with Putting the Right Systems in Place
— By Andrew Hale

When it comes to supplier diversity programming, chances are you’re doing it wrong. Doubtful? In 2010, some 40 Global 1000 companies had their supplier diversity programs studied by The Hackett Group. The research pointed, not to success or creation of world-class supplier procurement organizations, but to wasted resources and serious misalignment between goals and business reality.

“Many companies are taking the easy way out, and as a result aren’t driving real supplier diversity benefits . . . they aren’t showing the attention to detail required to crea....

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