Defining your company’s supplier diversity program is a crucial early step in getting a supplier diversity program started. Establishing guidelines early on creates a clear and concise pathway for stakeholders to follow while letting suppliers and the public know about the scope of your program.
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COVID-19 has taught manufacturers a bitter lesson. The global supply chain doesn’t adjust well to unexpected or unusual incidents — so-called black swan events. Extended lockdowns, changes in consumer behavior, spikes in fuel costs and tensions among global trading partners have caused an unprecedented breakdown of the supply network.
It’s not an exaggeration to say suppliers are the center of the supply chain’s success. No matter what industry you’re in and the products you sell, you...
In today’s competitive business climate, many professionals are continuously seeking ways to optimize cost but still assure the highest quality of products and services. To...
In an enterprise, Procurement’s job is to ensure stakeholders get the right goods or services provided by suppliers, on time and at the right quality level....
The outsourcing model has become popular over the years as companies scale up and require specific supply needs to accommodate their growth. Yet, many companies have been...
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