Accelerate for Corporations
Supplier Diversity Strategy
Using Best Practices
Iron sharpening Iron Process
Implementing supplier diversity processes at major corporations is no easy task – but it need not be done alone. There are many resources available to help you enhance your corporation's supplier diversity initiative. Some of these resources are best provided with dialog about use case scenarios, others can be practiced with simulations. Accelerate for Corporations will help you:
Systematically discover supplier diversity best practices and their functions, features, and benefits
Increase your organizational focus, accountability and transparency around supplier diversity activities
Become an expert in implementing supplier diversity best practices in a controlled and supportive environment
Enhance your corporate supplier diversity plan
Profile Development Stage
Each Corporate Accelerate participant will develop a profile on their corporation that describes their procurement processes and their supplier diversity initiative. The profile enables diverse suppliers to strengthen their sales and marketing strategies based on data. The corporate profile development exercises help the supplier diversity professional better understand their corporation's procurement priorities and identifies challenges to be addressed from the supplier's perspective.
During the Assessment Stage, each Corporate Accelerate participant will participate in a digital best practices assessment that will quantity strengths and weaknesses of the supplier diversity program at their corporation. This stage defines supplier diversity best practices and graphically identifies opportunities for continuous improvement.
As Is Analysis Stage
In the As Is Stage, recommendations for improvement are provided with timelines for implementation from RGMA, a thought leader in supplier diversity. The As Is Analysis considers the characteristics of supplier diversity program maturity and helps participants weigh options for process changes. This stage also helps the Corporate Accelerate participant prioritize actions that will enhance their initiative and strengthen their expertise.
Implementation Plan Stage
Based on RGMA recommendations, corporate participants will be guided through action plans that can reasonably accomplished in the near term.
Enhancement Actions Stage
In this stage, a model that aligns supplier diversity best practices with actions of key stakeholders will be introduced. Actions around executive alignment, outreach capability matching, supplier development, and compliance reporting will be implemented.