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Utilizing Supplier Diversity to Achieve Business Goals

Author(s):

Patricia J. Richards
Patricia J. Richards, Manager, Corporate Supplier Diversity, Shell Oil Company, 713/241-8925; Patricia.Richards@Shell.com
Steve Ballenger, C.P.M.
Steve Ballenger, C.P.M., Strategic Supplier Performance, Lockheed Martin, 817/762-1687; Steve.C.Ballenger@lmco.com

90th Annual International Conference Proceedings - 2005 - San Antonio, TX
Abstract

Corporations are increasingly reliant upon Supply Chain Management (SCM) organizations to help achieve business goals and objectives (increase profitability, improve processes and quality, achieve cost reductions/containment, etc). The complexity and size of SCM organizations have also increased. Today’s challenges include sourcing for global business operations, deploying new procurement models, technology applications, skilled workforce, and social responsibility. Supplier diversity is a process that seeks to identify diverse supply partners and systemically integrate inclusive practices. How can buyers and leaders at all levels of the organization deliver on the promise of supplier diversity and sustaining a competitive advantage? By introducing new suppliers that offer different ideas on value creation and problem solving, we embrace the concept of supplier inclusion, proactively promoting and engaging in Minority and Women-owned Business Enterprise (M/WBE) utilization and development, and finally holding ourselves accountable.

Utilizing Supplier Diversity to Achieve Business Goals — 123 KB (PDF)