Enterprise Performance Management - Data is First Priority

Last week after I posted third part of my Supplier diversity series of - What Why and How, I got an question from my esteemed senior colleague Ashok Pai, Who works in Supply chain industry worldwide for decades and a Client Partner with Bristlecone, asking "When are you writing about WHO aspect of this?" I replied saying I never thought of that angle, as my basic assumption was that supplier onboarding process is part of strategic sourcing and procurement department chain so those are the people who will be implementing it. And then he mentioned to me that "Look at it from supplier onboarding angle, which is a major pain area for US industry". As I started thinking and researching from that angle, I realized that as a part of diversity implementation its easy to say that run the diversity program in industry, capture supplier attendtion, get the diverse suppliers registered and start doing business with them - its hard to implement. Its really hard to get a new su...

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...