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Corporate Supplier Diversity
Line of Business Engagement Presenters: Derek Cantey
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Corporate Supplier Diversity - Role
CSD Role Partnership 1. Develop processes and goals to support the corporate commitment of $1billion by 2013. 2. Answer initial questions from prospective minority, women, disadvantage business enterprises (MWDBEs). 3. Link qualified prospective MWDBEs with appropriate decision makers within the Wells Fargo organization and serve as an advocate. 4. Promote an “open door” atmosphere within the company that provides MWDBEs with guidance and consultation to help them become Wells Fargo suppliers and further develop their businesses. 5. Represent and Communicate the Supply Chain Management /Corporate Properties Group process. 6. Engage appropriate internal partners. 7. Provide outreach to advocacy organizations and MWDBEs for support continued business development. Internal Partners Marketing Corporate Communications SCM Enterprise Expense Management Corporate Properties Group (CPG) Accounts Payable Lines of Business Legal Social Responsibility Group (SRG) Government Relations Internal Partners External Partners CSD External Partners Suppliers, Customers, Shareholders National Minority Supplier Development Council (NMSDC) Women Business Enterprises Network Council (WBENC) National Center for American Indian Enterprise Development (NCAIED) National Council of Asian American Business Associations (NCAABA) Various Chambers (Hispanic, Asian, African American, GLBT, Indian) 1
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Focus by Line of Business
Leadership Support Understanding the Business Setting the Goal 2
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Leadership Support Make the Business Case relevant to the business
Define Success Get them engaged
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Understanding the Business
Understand the internal environment Research what they buy and how Define your strategy early in the sourcing /procurement process Data, Data and more Data
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Setting the Goal Clear defined Area of Opportunities Executive sign-off Review and Redefine
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Line of Business Engagement
Status /Phase Line of Business Consumer Lending Wealth Brokerage Retirement Technology & Operations Group Community Bank Legal Chief Administrative Office Corporate Finance Commercial & Wholesale Banking Corporate Properties Group Audit Identified LOB Champion. • Presented quarterly reporting. Completed Review of LOB spend by commodity and verified controllable services sourced. Reviewed 2nd tier opportunities and LOB point of contact. SCM Managed Limited Developed strategy to improve MWDBE engagement through WF Preferred Vendor List. Train Vendor Manager(s) on Second Tier Process/ Second Tier Reporting. 2012 6
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CSD & CPG SWOT ANALYSIS Maintain Strong Leadership Commitment
CPG Communication Plan (Reporting and Opportunities) Standard Polices and Procedures Define scoring and reporting criteria MWDBE Vs. Customer – CPG Executive Engagement Maintain Strong Leadership Commitment Build and strengthen CPG and CSD partnership Continue to build and focus on areas that drives CPG MWDBE spend
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Next Steps Establish a Target:
CPG and CSD Leadership will formulate a plan for achieving a spend of $_____M with MWDBEs. Monthly and Bi-weekly meetings between CPG and CSD to review status and strategy: Monthly meeting to discuss progress towards target. Bi-weekly meetings to proactively discuss and develop diversity strategy based on projects in the CPG bid calendar. Monthly timeslot for MWDBE to present capabilities to representatives from all CPG teams. For example, Retail, Admin, Spot and PMO. Develop a 2nd Tier Enforcement team to ensure that primary suppliers are meeting their 2nd Tier contract commitment. Establish an appropriate and equitable RFP practice that promotes increased MWDBE awards: For example, a “price” lift for MWDBEs.
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