Presentation on Supplier Diversity as a Business Practice

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Presentation on Supplier Diversity as a Business Practice

  1. 1. An IBM Presentation onSupplier diversity as a business practice 1
  2. 2. Group- 22• Sudhir Goyal -11022• Chandan Pahelwani -11047• Seema Shah -11073• Ramdevsinh Zala -1109904/15/13 Tolani Institute of Management Studies 2
  3. 3. What do we mean by supplier diversity?• Supplier diversity is a process-04/15/13 Tolani Institute of Management Studies 3
  4. 4. • Purchasing of goods and services from businesses owned and operated by:– Minority Business Enterprises (MBEs),– Women Business Enterprises (WBEs), and– Disabled Veteran Business Enterprises (DVBEs).04/15/13 Tolani Institute of Management Studies 4
  5. 5. Importance of supplier diversity• Facilitates success of suppliers.• Helps suppliers to find better position in future in business and overall growth.• Helps to fulfill corporate social responsibility and facilitate sustainability.• Increases competitive advantage.• Equal opportunities Tolani Institute of Management Studies04/15/13 5
  6. 6. • Greater social inclusion• Fostering of local economic development• Diversification of supply risk04/15/13 Tolani Institute of Management Studies 6
  7. 7. United States- the beginners of supply diversity• NMSDC – established in 1973• Aim• Employment and economic development.04/15/13 Tolani Institute of Management Studies 7
  8. 8. Challenges for MBE’s• Rationalization of Supply chain• Increasing contract sizes• Use of modern production systems• Greater use of electronic ordering• Higher quality standards Tolani Institute of Management Studies04/15/13 8
  9. 9. Guidelines for corporations to implement supplier diversity• Understanding the need for integrating supplier diversity into business goals• Top management support• Critical role of supplier diversity champions• Necessity of building a supportive organizational culture• Significance of relationship building Tolani Institute of Management Studies04/15/13 9
  10. 10. Procedure to implement supplier diversity program• Ask for help and advice.• Appoint a supplier diversity coordinator.• Conduct a supplier survey (to establish the current status and future targets).• Review your existing policies and procedures.• Formulate new procurement policy and procedures. Tolani Institute of Management Studies04/15/13 10
  11. 11. con. . .• Communicate with staff and existing suppliers.• Develop and implement a training program.• Communicate with ethnic minority businesses.• Develop targets and monitor your success.• Don’t be afraid to celebrate success. Tolani Institute of Management Studies04/15/13 11
  12. 12. Example of 3M• For strategic growth• For reenergizing their business• For making suppliers as customers• For lower costs and faster response which helps the bottom line Tolani Institute of Management Studies04/15/13 12
  13. 13. Conclusion  Development depends upon: Globalization Acceleration of legislation Stakeholder pressure Tolani Institute of Management Studies04/15/13 13
  14. 14. Thank you04/15/13 14

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