A multi-dimensional supply chain reset is underway across industries – one in which supplier diversity is recognized as a prominent element in generating value and community impact. The needle has been slowly moving over the past few decades of efforts by companies to diversify their supply base, with corporations reporting only single-digit average spending with certified diverse suppliers.
However, as sustainability gains prominence and programs mature to various inflection points, supplier diversity programs are increasingly gaining attention.
We believe that there is a need to closely align supplier diversity programs to corporate and sustainability strategy and add rigor to measuring the impact of a diverse supply base in driving business results and community uplift. Are you looking to establish or accelerate a supplier diversity program that fits your business needs and community impact vision? Learn more about how our sustainability consulting and strategy teams are combining forces to enable strategy, value and impact measurement, technology implementation, and supplier diversity program acceleration in your organization.
What is the value of a supplier diversity program?
Building the right implementation tools and enabling supplier diversity resources can lead to real impact:
- Customer Connection – Reflect customer’s growing sustainability consciousness
- Innovation – Leverage problem-solving agility that comes from diverse suppliers
- Margin Improvement – Deliver lower total landed costs from diverse suppliers
- Community Impact – Generate well-being across the tiers through local partnerships
- Collaboration – Gain stable and willing-to-go-beyond partners
- Competition – Drive better quality, costs, and risk profiles
How does KPMG help you prioritize supplier diversity?
- We provide you with the blueprint to develop a strategy and take it through an accelerated implementation.
- By focusing on your Functional Processes, People, Service Delivery Model, Technology, Performance Insights, Data, and Governance, we ensure a holistic approach toward an integrated operating model.
- Our approach includes gaining an understanding of benchmarks, program maturity assessment, desired state operating model, and data-driven impact measurement to establish roadmaps to success.
- Leading practice methodologies and a toolbox of assets and accelerators positions us to be a valuable collaborator throughout your journey to align your supplier diversity goals with your overall sustainability strategy.
