Effective minority supplier strategies
2 comments November 28th, 2006 David Bush - Iasta
“Companies wanting to expand their supplier diversity programs can do so without sacrificing savings, according to a recent report by The Hackett Group.”
This begins an article recently run on CFO.com.
It follows on by stating that, “Using a minority-owned supplier has no effect on a company’s overall performance when it comes to procurement, says Christopher Sawchuk, senior business adviser for The Hackett Group. The strategic advisory firm surveyed 50 so-called “world-class” companies with a median revenue of $7 billion and a median procurement spend of $3 billion. “You can still be world-class and have a significant portion of your supply base focused on diverse suppliers,” Sawchuk says.
Unfortunately, the article is more stating that it can be done, and less about - how to do it. I poked around on the Hackett Group website and could not find any mention of the research, so I can offer no further guidance. Maybe Pierre will swing through and give us some direction?
