Supplier diversity initiatives remain an important area for procurement teams to focus on.
In fact, most procurement organizations are already ahead of the curve and have started implementing supplier diversity programs as organizations move toward socially responsible practices.
Fifty-seven percent of procurement leaders report they have a formal supplier diversity program. Do you?
According to Gartner research, three out of four procurement leaders are planning a moderate or significant expansion. However, some challenges hinder progress:
- 55% of procurement leaders do not have specific goals/ MBOs for diverse sourcing
- 40% of procurement leaders report that identifying qualified suppliers (either from a quality or volume capability perspective) is their biggest challenge
Download the infographic to learn how today’s procurement leaders are responding to supplier diversity pressures.