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UPS , for example , incorporated supplier diversity into its procurement department scorecard several years ago and increased its weight to 20 percent in 2022 - making it equal to its savings goals
for each department based on your historical data , current supplier diversity results , and future business plans .
We ’ ve noticed that some leading organizations include supplier diversity goals as part of each executive ’ s performance metrics , which can be highly effective for holding executives accountable .
UPS , for example , incorporated supplier diversity into its procurement department scorecard several years ago and increased its weight to 20 percent in 2022 - making it equal to its savings goal . Now , UPS ’ category and sourcing teams also include supplier diversity within individual performance goals .
Be proactive in identifying opportunities for diverse suppliers Don ’ t wait for a request for proposal process to start thinking about how you can engage more diverse suppliers . Encourage proactive category planning that spotlights opportunities to source from diverse suppliers in the future . Regularly connect with business unit leaders and buyers to discuss impending projects and envision potential ways that diverse suppliers can help support the business .
In addition , evaluate forthcoming supplier contract renewals over the next two years . It helps to always be on the lookout for diverse suppliers and create a list of suppliers that you can engage when the right opportunities arise .
Engage all business unit leaders Establish deep connections between your supply chain and procurement leaders with all other business unit leaders . Seek to understand each business unit ’ s objectives and plan out how supplier diversity supports the department . Through regular collaboration , supplier diversity leaders can find clear ways to help the business win more sales while engaging diverse suppliers .
A key part of this process is sharing success stories and showcasing how supplier diversity has driven measurable results , such as how engaging diverse suppliers has helped your business secure more diverse customers . These anecdotes will bring the value of your efforts to life and help encourage more progress .
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