Art of Procurement2 Okt 2023

631: Simple Steps for Growing Supplier Diversity w/ Daniel Dorr and Lois Eichacker

"When you can demonstrate short-term success and communicate it – both inside and outside the company – it helps to smooth the pathway to the funding, staffing, and commitment required for longer-term impactful change." – Lois Eichacker, VP of Customer Success, Supplier.io

Supplier diversity is one of the most meaningful, impactful, and important corporate programs led by procurement, and a growing number of organizations are making supplier diversity a top priority. But creating a scalable supplier diversity program that can grow with the business, withstand changing political and economic landscapes, and sustain itself over time requires a unique set of strategies and tactics.

To better understand how procurement can build a strong supplier diversity program, Philip Ideson and Kelly Barner spoke with Daniel Dorr, VP of Marketing, and Lois Eichacker, VP of Customer Success, both from Supplier.io. As Daniel and Lois shared, a solid supplier diversity program is characterized by transparency, clear communication of expectations, and data-driven decision making.

In this episode, based on an AOP Live session, Daniel and Lois discuss:

The importance of a solid spend baseline for supplier diversity growth
How procurement can secure buy-in from decision makers
Category-specific strategies for supplier diversity growth

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