The Inclusion Initiative seeks to make the process actionable, moving diversity from mandate-driven to business strategy.Ĭoupa partnered on diversity and inclusion with Global Supplier Diversity Alliance, National Gay & Lesbian Chamber of Commerce, National Minority Supplier Development Council, Minority Supplier Development United Kingdom and Women’s Business Enterprise National Council. Instead, they should be an integral part of procurement and supply chain managers’ daily roles. Standalone diversity, equity and inclusion programs have struggled to make a significant impact on business supply chains, due to a lack of access to the right technology and information, said Robinson. CFOs and financial leaders listed "a need to develop additional and alternative sourcing options" as one of their top three priorities going forward. In the wake of this year's pandemic, supply managers have leaned into establishing relationships with more diverse suppliers to prevent stoppages of goods. And the company's new initiative aims to tap that network to redirect corporate spend to diverse suppliers. Even when the number of some HUBs has increased, their share of the pie has struggled to grow proportionately.īut there is nearly $2 trillion transacted over the Coupa platform, according to a company blog video. "Socially conscious individuals are seeking out organizations with diversity and inclusion initiatives at their core - without one, businesses may lose access to great talent as well as business opportunities."Ĭoupa is looking to help businesses become more diverse - in line with its mission to break down silos for businesses to spend smarter. "We’re experiencing a really poignant time for diversity right now and the spotlight on systemic racism has made diversity in the supply chain more important, and actionable, than ever before," Robinson said in an email. If organizations don't seize on the moment and pivot, they risk losing out as expectations for social consciousness increase. This year's revolution for racial equity and social justice has given procurement managers the perfect opportunity to add historically underutilized businesses to their supply chains, realize long-term diversity, equity and inclusion goals, and encourage healthy competition to better ensure quality goods flow in at the right price and time.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |