You don’t have time to read multiple pages to understand a topic. Find a series of 1-Minute Readings on the topic of Supplier Diversity & Inclusion here. WHAT IS SUPPLIER DIVERSITY & INCLUSION Also known as Supplier Inclusion or Inclusive sourcing Workforce Diversity, Equality & Inclusion programs Inclusion of diverse owned businesses in a company’sContinue reading “What is Supplier Diversity & Inclusion? – fips consulting 1-Minute Readings”
Check out my next blog posts where I will share 1 minute readings with simple explanations of Supplier Diversity & Inclusion, what it is, what it isn’t, why companies do it, what questions you should ask yourself when starting off and more. It won’t take you more than 1 minute to read and understand!
Extending your Diversity, Equality & Inclusion efforts to your supply chain should be a no brainer. Procurement spend is a company’s single largest cost element and a crucial component of the value chain. Procurement represents 30% of a service company’s revenue and at least 50% of a manufacturing company’s revenue. It’s also, then, a company’sContinue reading “What’s Stopping You From Extending DE&I Efforts To The Supply Chain?”
What an inspiring evening with some WEConnect International certified Swiss women business owners on February 27 in Zurich. We had meaningful conversations on how to make WEConnect International and the concept of Supplier Diversity & Inclusion better known in Swiss companies. Discussions will continue and actions will be determined at a next meeting in April!Continue reading “Swiss WBE Dinner”
And are you ready to participate in a Supplier Diversity & Inclusion Award? Awards are a very important platform when it comes to visibility and cross company exchange of procurement experts also in regards to Supplier Diversity & Inclusion. Participating in supply chain awards is a great way to gain recognition for your organization’s achievementsContinue reading “Are Your Supplier Diversity & Inclusion Efforts Visible ?”
Do you think about implementing supplier diversity & inclusion efforts at your organization? There are both short-term and long-term actions you can incorporate into your strategy but before you start, ask yourself some questions… How do I build impactful supplier diversity & inclusion efforts? What to take into consideration when starting off? What do IContinue reading “Measuring Impact – Supplier Diversity Metrics”
Read below from companies in the healthcare, food, and beauty industries on why an inclusive supply chain is important to them. Healthcare: Medtronic shares why they implemented supplier diversity efforts in their supply chain in this Wallstreet article from Jan 2023. Reasons are job creation and wealth opportunity, benefitting underserved communities and increases innovation: https://www.wallstreet-online.de/nachricht/16442196-why-supplier-diversity-mattersContinue reading “Read from Healthcare, Food & Beauty Companies Why They Care About An Inclusive Supply Chain”
Many 2023 Procurement Outlook & Trend articles were published at the beginning of the year. Along with #datamanagement and #supplychainrisk, #esg was a topic most often mentioned as key areas for consideration in 2023. Data Management & risk avoidance are important in all procurement areas, but #supplierdiversity helps in the successful implementation of ESG measures.Continue reading “2023 Trends in Procurement”
Are your suppliers as sustainable as they claim? There are many papers and studies that show that diverse-owned businesses are more, or at least as sustainable, as non diverse-owned businesses. All the more reason to include more diverse-owned businesses in your supply chain. Women entrepreneurs are paving the way to a better future. Even though menContinue reading “Greenwashed Suppliers”
Would you like to include more diverse owned businesses in your supply chain in 2023? There are several ways to do this. Below is a selection of actions you can take: fips consulting is ready to help you build and enhance your Supplier Diversity / Inclusive Sourcing efforts. If you are ready too, contact.