Leverage diversity programs to maximize business growth and procurement performance
Procurement is like a game of ‘Would you rather…?’ Would you rather deal with shorter lead times or higher costs? Would you rather give a little on product quality or pay the higher price?
The same theme holds true for supplier diversity: Would you rather work with a new, unknown supplier or the safe bet? In some cases, the diverse supplier is the best option; companies just need to do their homework to realize when.