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1 1 Global Purchasing & Supply Chain gmsupplierdiversty.com Communicating the Impact and Return on Investment (ROI) of Supplier Diversity Initiatives Reginald E. Humphrey Senior Manager, Supplier Diversity Reginald E. Humphrey Senior Manager, Supplier Diversity
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2 2 Global Purchasing & Supply Chain gmsupplierdiversty.com Effective Communication: 5 C’s Consistent- Strategic cadence with a repeatable process Credible- Accurate data/content Clear-Simple language with relevant messages Concise-Make an impact! Customized- Adapt to your audience (Approach & Delivery) Consistent- Strategic cadence with a repeatable process Credible- Accurate data/content Clear-Simple language with relevant messages Concise-Make an impact! Customized- Adapt to your audience (Approach & Delivery) “People who know what they’re talking about don’t need PowerPoint ” -Steve Jobs
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3 3 Global Purchasing & Supply Chain gmsupplierdiversty.com Making an impact is a balancing act!
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4 4 Global Purchasing & Supply Chain gmsupplierdiversty.com What is the ROI of Supplier Diversity? Customer Differentiator Community Impact Unique network of suppliers Economic common sense Customer Differentiator Community Impact Unique network of suppliers Economic common sense Keys to promoting SD; 1.Exposure- Training, Engagement, Communication 2.Appearance- Credible staff w/ active business initiatives 3.Performance- Shared accountability & accurate data
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5 5 Global Purchasing & Supply Chain gmsupplierdiversty.com ROI Breakdown Customer Differentiator Associate customer loyalty data with products & diverse customers Increase product exposure & incentivize purchases - Ride & Drive - Supplier Discounts Community Impact Promote local supplier investments Share hiring stats Advertise supplier involvement in community outreach projects
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6 6 Global Purchasing & Supply Chain gmsupplierdiversty.com ROI Breakdown Unique Network of Suppliers Share best practices (NMSCDC/AIG) Promote M/WBE Business to Business advantages via real life examples Celebrate & Leverage JV’s & Strategic Alliance benefits (Capacity/Logistics/IP) Economic Common Sense Explain the demographic buying power of the future Align product portfolios with target customer segments Share the cyclical value proposition Capture supplier purchasing power & results
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7 7 Global Purchasing & Supply Chain gmsupplierdiversty.com How do you elevate the ROI internally ? Consistent Communication - Internal Newsletters - Timely Performance Updates (Executives & Worker Bees) - Relevant training that ties into overall department strategies Reward/Recognition - Annual advocacy awards with associated benefits Utilize volunteers - Trade fairs/Matchmakers/Fundraisers Share the accountability - Joint target agreement & inclusion in Performance Reviews - Assign Leaders outside of your group Consistent Communication - Internal Newsletters - Timely Performance Updates (Executives & Worker Bees) - Relevant training that ties into overall department strategies Reward/Recognition - Annual advocacy awards with associated benefits Utilize volunteers - Trade fairs/Matchmakers/Fundraisers Share the accountability - Joint target agreement & inclusion in Performance Reviews - Assign Leaders outside of your group
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8 8 Global Purchasing & Supply Chain gmsupplierdiversty.com How do you elevate the ROI externally ? Consistent Communication - External Newsletters - Diversity Council engagement & work streams - Relevant training to ensure alignment & sustainability Reward/Recognition - Special invitations/Supplier Spotlights/Tier 1 & 2 Connections Co-Chair Initiatives - Training/Fundraisers/Community Outreach Projects Share the accountability - Ongoing development initiatives (Project ONE/DSDP) - Joint assessment of the business model & future alignment Consistent Communication - External Newsletters - Diversity Council engagement & work streams - Relevant training to ensure alignment & sustainability Reward/Recognition - Special invitations/Supplier Spotlights/Tier 1 & 2 Connections Co-Chair Initiatives - Training/Fundraisers/Community Outreach Projects Share the accountability - Ongoing development initiatives (Project ONE/DSDP) - Joint assessment of the business model & future alignment
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9 9 Global Purchasing & Supply Chain gmsupplierdiversty.com Our Mission: Drive I.D.E.A.S.
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10 Global Purchasing & Supply Chain gmsupplierdiversty.com Thank you for your attention! Let’s Drive Diversity Together!
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