“ At Sodexo , we leverage technology to streamline the process , ensuring that diverse suppliers have equal opportunities and can seamlessly integrate into our supply chain ”
AOIFE WYCHERLEY HEAD OF FOOD PROCUREMENT AND SUPPLY CHAIN , SODEXO competition on price and quality as diverse suppliers seek a USP and it can improve sustainability both in when it comes to practicality and reputation . It also encourages innovation by broadening the pool of perspectives from which you are sourcing from , and in turn provides access to new resources , technologies , and ideas .
“ Supplier diversity also opens new markets . Encouraging you to look at alternative supply , locations , and solutions to business requirements , supporting a culture of openness and continuous improvement ,” adds Thompson . But where to start …? When it comes to diversifying suppliers it is important to first determine the ‘ why ’. “ It needs executive sponsorship , clear , concrete goals , and a supporting plan that can be communicated across the business to gain buy-in and alignment ,” explains Thompson .
Once the foundations are in place , organisations can then begin the task of understanding supply chain demographics . “ Focus on expanding your business ’ external diverse supplier network by broadening the thinking on what a ‘ suitable supplier ’ looks like and join industry groups , associations and attend events to learn about the diversity available and how best to align with your business objectives ,” says Thompson .
Agreeing , Wycherley adds : “ This is where supplier diversity organisations such as MSD UK , Social Enterprise UK and WeConnect come into play as they can support in supply chain diagnostics to understand which suppliers are already accredited under the specific schemes . These organisations can also support in accessing local and diverse opportunities through various databases and networking opportunities .”
However , Thompson urges organisations to “ allow procurement teams to lead ” when it comes to the day-to-day operations of supplier diversity . “ They have the best view of business ecosystems and the relationship between the business and the supply base ,” she adds . “ To support the initiative further , appoint dedicated resource to it within the team ,.”
The all important challenges to consider and the technology that can help Primary challenges for organisations implementing a supplier diversity strategy
90 March 2024