With growing public concerns about minority- and gender-related issues in virtually all industries - sparked by the Black Lives Matter and #MeToo movements - most large enterprises have made significant commitments to review their business practices and identify concrete ways to better support diversity and inclusion.
What does this mean for the procurement function?
What if your procurement team could impact diversity and inclusion issues across the entire supply base, working to ensure that your suppliers address these more systemically through their policies, actions and reporting practices, regardless of who owns the companies? And even better, what if you could tangibly report on the progress your suppliers are making to implement improved practices, in support of your organization’s overall diversity goals? This would represent a significant step forward for procurement’s contribution to this ever-increasing corporate priority.