Profile Development Stage

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Each Supplier Accelerate participant will develop a profile on their company that describes their products and services.  The profile enables corporations to evaluate your value proposition.  The profile development exercises help diverse suppliers better position their value proposition based on expressed needs from corporations.

 

Assessments Stage

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During the Assessment Stage, each Supplier Accelerate participant will participate in a best practices assessment that will quantity business strengths and weaknesses at their firm.  This stage defines the best business practices, and graphically identifies opportunities for continuous improvement.

 

As Is Analysis Stage

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The Assessment Stage data is compared to aggregate data from other diverse suppliers.  The As Is Analysis considers the characteristics of business maturity and helps participants weigh options for process changes.  This stage also helps the diverse firm determine which actions will enhance their operations and strengthen their professional expertise. 

 

Implementation Plan Stage

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Based on the data from the cohort of diverse suppliers in the As Is Analysis Stage, participants will be guided through best practice recommendations from procurement executives in the program.  Participants will develop an implementation plan that pays particular attention to process changes that can reasonably accomplished in the near term. 

 

Enhancement Actions Stage

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In this stage, a model that aligns business best practices with actions of key team members will be introduced.   Actions around executive alignment, customer relationship management, business modeling, project management and compliance reporting will be implemented.