Enterprise Performance Management - Data is First Priority

In last two articles we discussed two questions about supplier diversity. Basic one like WHAT is Supplier Diversity and its types , Second most important one for business decision WHY? What are key business drivers to implement supplier diversity? Now the third important question is HOW? What are my key parameters to make this decision on implementing diversity program? What are the steps? How should I determine what are my organizational needs? What is an assessment criterion? Key steps or parameters for your decision matrix would be – 1. Define scope and set your goal – link it to organizational goal so you have good business case 2. Build the internal database; connect with suppliers, make the data complete. 3. Run a diversity program 4. Audit, Monitor and upgrade Understanding your requirements and goal setting is first and important steps for implementing supplier diversity. This will not only enable you to asses and quantify the things for assessment and monitoring your progr...