Supplier Diversity Programming ‘101’
More and more, you hear about Supplier Diversity – from the media, from executives and from your customers. As more businesses create Supplier Diversity programs, and expect their suppliers to utilise diverse suppliers, now’s the time to put your own program in place.
But where do you begin? Developing an effective program isn’t simple. You need people, processes and technology. You must identify current diverse suppliers, find your future ones, and engage with them all. You must be ready to report your efforts to customers and demonstrate to your leadership that Supplier Diversity increases revenue. And over time, you must grow and improve your program so that it’s not only sustainable but maximizes ROI.
Here at OutBritain we are proud to announce, Supplier Diversity in a Box. Supplier Diversity in a Box was developed for companies who want to put a foundational program in place. With it, you’ll get the best practices, policies, procedures, and tools to help you manage data, help identify diverse suppliers, and quickly establish a working Supplier Diversity program. All delivered at a fraction of the cost and time.
IMPORTANT NOTICE – The course is three, one hour sessions spread over three different days. In order to complete the course you will need to attend all three sessions. The different sessions can be seen below;
Session 1 – Supplier Diversity Basics Overview – 08.03.23 – 4pm till 5pm
·Building a business case for supplier diversity
·Supplier Diversity, Workforce Diversity and D&I (Diversity & Inclusion)
·Why does supplier diversity matter?
·What is the difference between a small & diverse business?
·National certification categories
·Steps towards building a world class supplier diversity program
Session 2 – “Spend Analytics/Data Reporting” – 05.04.23 – 4pm till 5pm
·Spend components (addressable, non-addressable, excludable) and why important
·Spend categorization (unique spend categories and diversity probability)
·Identifying categories with a robust diverse supplier base
·Calculating diverse spend percentage, ROI, etc.
·Examples of reporting diverse spend to customers
Session 3 – Supplier Webinar – 20.04.23 – 4.30pm till 5.30pm
Customer address to supply base regarding their supplier diversity aspirations
·What is supplier diversity and Tier 2 (overview)?
·Forms of diversity certification (third party v. self-certification)