Supplier diversity for dummies / Kathey K. Porter.

Format:

Book

Author/Creator:

Porter, Kathey, author.

Series:

--For dummies

Language:

English

Subjects (All):

Diversity in the workplace--Economic aspects.

Diversity in the workplace.

Minority business enterprises.

Industrial procurement.

Physical Description:

1 online resource (307 pages)

Edition:

1st.

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, Inc., [2022]

Summary:

Extend the principles of diversity and inclusion to your company's suppliers Many people are familiar with the importance of ensuring and advancing inclusion, equity, and diversity amongst their employees and managers. But do your efforts include supplier diversity--an equally as important and essential part of any holistic diversity effort? In Supplier Diversity For Dummies, nationally recognized small business strategist and economic inclusion and supplier diversity expert Kathey Porter delivers an empowering and informative guide to implementing this integral part of any robust inclusion initiative: supplier diversity. You'll understand the relevance of supplier diversity and why it's important to encourage equal opportunity for diverse suppliers and businesses owned and managed by underrepresented groups. In this book, you'll also find: The answers to your most pressing questions about how to build a coherent and sustainable supplier diversity program Ways to contribute more fully to your company's diversity and inclusion functions Strategies to position supplier diversity as a central function in your organization Perfect for company buyers, purchasing and procurement professionals, material management executives, strategic souring professionals and supplier diversity practitioners, Supplier Diversity For Dummies is a must-read resource for supply chain professionals, diversity and inclusion leaders and anyone looking to increase their proficiency in supplier diversity, improve supply chain inclusivity and increase their social impact.

Contents:

Intro

Title Page

Copyright Page

Table of Contents

Introduction

About This Book

Foolish Assumptions

Icons Used in This Book

Beyond the Book

Where to Go from Here

Part 1 Getting Started with Supplier Diversity

Chapter 1 Understanding the Growing Demand for Supplier Diversity

Breaking Down What Supplier Diversity Is and Isn't

What it is

What it's not

Investigating Whether Supplier Diversity Is Still Necessary

Looking at reasons supplier diversity is still necessary

Considering what supplier diversity needs to do to stay relevant

Examining External Drivers Redefining Supplier Diversity

Growth of minority entrepreneurship

Demographic shifts: The changing face of the majority

Social activism/economic inclusion

Accountability to secondary stakeholders

Recognizing Why Organizations Are Recommitting to Supplier Diversity

Complex business challenges/ strategic advantage

Increased focus on collaboration in the supply chain

Compliance with the law

Accountability to primary stakeholders

Corporate social responsibility/stewardship

Chapter 2 Understanding the Foundation of Supplier Diversity

Looking at Where It All Began

Executive Order 10925 (1961): Established Committee on Equal Opportunity Employment

Executive Order 11246 (1965): Established Requirements for Non-discriminatory Practices

Executive Orders 11458 (1969) and 11625 (1971): Economic Entrepreneurial b Equality

Public Law 95-507 (1978)

Examining the Evolution of Supplier Diversity

Compliance with federal law (1969-1990)

The right thing to do (1990s-early 2000s)

Making the business case (2000s-present)

Pondering the Future of Supplier Diversity

Business and program globalization

Strategic advantage

Economic imperative.

Chapter 3 Supplier Diversity Management: A New Way of Thinking

Defining Supplier Diversity Management

Perusing Supplier Diversity Management as a Process

Introducing the Supplier Diversity Management (SDM) Model

The internal process

The external process

The supplier development process

Getting Started with SDM

Phase 1: Internal efforts

Phase 2: External efforts

Phase 3: Supplier development

Chapter 4 Distinguishing between Supplier Diversity and DEI

Surveying the Programs' Similar Names and Mission

Starting with diversity

Introducing inclusion

Expanding for equity

Diving into Their Different Audiences, Tactics, and Results

Customers/target audience

Tactics used

Measuring results

Becoming Collaborative Partners

Perusing the Pitfalls of Combining Supplier Diversity and DEI

Combining diversity efforts under one umbrella

The changing role of the Chief Diversity Officer

Changing the name of supplier diversity to "supplier diversity and inclusion"

Chapter 5 Digging into Supplier Diversity within the Organization

Understanding the Role of the Supplier Diversity Professional

Surveying How Supplier Diversity Fits into the Organization

With supply chain/procurement

With facilities/construction

With diversity and inclusion

With senior leadership

With community relations

With other departments and organizational initiatives

Getting Involved in the Procurement Process - From Beginning to End

Forecasting upcoming opportunities

Reviewing and ensuring bid documents/RFPs are inclusive

Participating on selection/evaluation committees

Establishing the vendor onboarding process

Informing and preparing prospective diverse vendors

Tracking performance and utilization

Sourcing and advocating for small and diverse businesses.

Mediation and conflict resolution

Anticipating Potential Conflicts and Identifying Resolutions

Part 2 Developing Internal (Organizational) Supplier Diversity Efforts

Chapter 6 Gauging Your Organization's Diversity Climate

Surveying Supplier Diversity and Organizational Change Management

Examining Your Organizational 4 P's

Starting with your people

Reviewing your policy

Establishing your process

Identifying your procedures

Understanding the "Who-What-How" of Your Organizational Spend

Who makes buying decisions?

What does your organization buy?

How does your organization buy what it needs?

Assessing Your Organization's Vendor Relationship Management (VRM)

Vendor onboarding

Connecting vendors to internal stakeholders

Examining the vendor payment process

Understanding Strategic Sourcing as Part of Your Readiness Assessment

Determining the Right Leadership Structure for Your Efforts

Consultant

Direct hire

Employee add-on function

Chapter 7 Making the Case for Supplier Diversity

Aligning Supplier Diversity to Organizational Strategic Goals

Finding Value-Creating Opportunities

Communicating Value

Selling Your Supplier Diversity Story to Stakeholders

Chapter 8 Building Support for Supplier Diversity Programs

Seeing How Supplier Diversity Touches Many Stakeholders

Finding Allies throughout Departments in Your Organization

Diversity, equity, and inclusion (DEI)

Working with procurement

Apprising community relations of your strategy

Informing employees and ERGs

Looping in those responsible for sustainability initiatives

Developing an In-Reach Program

Training

Communication

Engagement through advisory councils/task forces

Aligning Programs to Collaborator Objectives: Solving WIIFT

Chapter 9 Identifying Common Barriers to Supplier Diversity.

Identifying Common Organizational Barriers

Implicit biases

The status quo

Lift and shift mentality

Double duty/add-on function

Legacy data systems

Pinpointing Practitioner Barriers

Lack of clarity to carry out the mission

Inability to navigate the landscape

Unrealistic objectives for the organization or the community

Lack of the resources needed to successfully achieve objectives

No analytics/wrong metrics

Overcoming Barriers to Build a Successful Program

Chapter 10 Creating an Effective Supplier Diversity Plan

Starting Out with the Principles of Supplier Diversity Planning

Eyeing Your Vision Statement

Clarifying Your Mission

Locking in Your O.A.R.

Communicating your objectives

Defining your activities

Identifying your results (KPIs)

Putting the Plan Together

Part 3 Supplier Development and Supplier Diversity

Chapter 11 Creating an Environment that Puts Diverse Businesses First

Becoming the Champion for Diverse Businesses within Your Organization

Perusing supplier diversity's key principles

Focusing on removing obstacles

Challenging the status quo

Fostering a Culture of Trust, Respect, and Transparency in Relationships

Building trust

Garnering respect

Cultivating transparency

Chapter 12 Building Capacity

Getting a Handle on Capacity Building

Covering Capacity Building Tasks

Evaluating the Capacity of Businesses within Your Organization

Getting started

Measuring success

Developing to Build Capacity

Part 4 Examining External (Community) Supplier Diversity Efforts

Chapter 13 Highlighting the Stages of Supplier Diversity Programs

Determining Your Program Stage and Dealing with Common Challenges

Startup stage

Growth stage

Mature stage

Identifying the Right Activities for Each Stage

Startup stage activities.

Growth stage activities

Mature stage activities

Chapter 14 Cultivating Community Partners to Drive Supplier Diversity

Building Allies and Alliances through Collaborations and Partnerships

Using partnerships

Using collaborations

Reasons to consider partnerships or collaborations (or both)

Planning for Engagement

Finding the Right Community Partners: Local, State, Regional, and National

Local

State, regional, and national

Creating and Using Supplier Diversity Councils to Drive Efforts

Internal councils

External councils

Joint councils

Part 5 Using Technology and Compliance to Enhance Supplier Diversity

Chapter 15 Telling the World About Your Supplier Diversity Efforts

Understanding Why Communication Is Crucial in Supplier Diversity

Developing a Supplier Diversity Communication Plan

Establishing goals

Defining target audiences

Identifying key messages

Creating a tactical outreach plan

Chapter 16 Establishing Supplier Diversity Metrics, Benchmarks, and KPIs

Understanding the Importance of Metrics, Benchmarks, and KPIs

Establishing Metrics, Benchmarks, and KPIs

Metrics

Benchmarks

KPIs

Seeing How Software Can Help You Manage Your Program

Using Metrics to Tell Your Story

What's your organization's story?

What story are you telling?

Are your metrics getting in the way of the story?

Chapter 17 Understanding Tier 2/Subcontracting Spend

Tracing the History of Subcontracting

Stepping through the Levels: Tier 1, Tier 2, and Beyond

Tier 1 suppliers

Tier 2 suppliers

Tier 3 suppliers

Tier 4 suppliers and below

Managing Subcontractors and Tiered Procurement

Influencing Your Prime Vendors to Use Diverse Suppliers

Knowing the Importance of Tracking and Utilizing Tier 2 Data

Chapter 18 Getting a Grip on Goal Setting in Supplier Diversity.

Aligning Supplier Diversity Goals with Procurement Strategies.

Notes:

Includes index.

Description based on print version record.

ISBN:

1-119-84302-2

OCLC:

1314619567