Diversity and Minority Spend
Corcentric offers industry-leading supply chain Consulting Services
Supplier Value Management
Stakeholder Engagement Expertise
Successful Supplier Diversity programs are endorsed from the top down, but built from the bottom up. If the top levels of an organization leadership does not support the creation of a Supplier Diversity program or provides resources necessary to help build and grow a program, it will not reach its potential ROI:
- Diversity Programs Leads may not know where to start to build the infrastructure for a Supplier Diversity program
- Internal Departments may resist supporting the Supplier Diversity program due to not understanding the need for it to even exist
- Immediate opportunities to engage diversity suppliers in the supply chain may not be readily apparent
- Creating effective communication strategies on Supplier Diversity requires a level of expertise that may not reside within the company
Our Diversity spend team has the expertise to help companies build the framework required to establish world-class Supplier Diversity Programs, understanding that supplier diversity programs require an intricate system that is flexible to different geographical segments, trends of the market, supplier minority qualifications, and more. Additionally, we can help you refine your minority spend initiatives within an existing program, helping you strengthen supplier relationships and community bonds while increasing your savings.
Supplier Relationship Management Drives Supplier Value
A comprehensive SRM program can offset supply chain risk, enhance supplier services, support supplier diversity initiatives, maintain and improve upon the value acquired during original sourcing event, and even increase top-line revenue growth.