Strategic Sourcing: Reducing Cost and Supporting Diversity Goals

Author(s):

Tim Dolan, C.P.M.
Tim Dolan, C.P.M., Manager, Strategic Sourcing and Supplier Diversity, 617.421.7516, Tim_Dolan@gillette.com
Karen M. Fedele, C.P.M.
Karen M. Fedele, C.P.M., Category Manager, The Gillette Company, 617.421.8382, Karen_Fedele@gillette.com

89th Annual International Conference Proceedings - 2004 - Philadelphia, PA

Abstract

Today, procurement professionals achieve savings through sourcing strategies like volume consolidation, product specification improvement, best price evaluation, and competitive global sourcing. Procurement professionals are also tasked with meeting Supplier Diversity goals and increasing spend and opportunities for minority and women owned suppliers. Is achieving these savings through strategic sourcing while supporting a supplier diversity initiative possible?