Supplier Diversity Metrics: Points To Be Considered By The Leadership
Supplier diversity is a variation in the supply chain process that includes diverse business groups which are usually underrepresented. It is not just a business strategy but also a social responsibility that creates a positive economic impact on the organization...
Leadership For Sustainable Development In Turbulent Times
Reorganizations. Rejecting projects. Promotions. Modern technology. Management changes. Cost reductions. New regulations. A shift to a different building. These are all illustrations of significant transformation. Although everyone reacts to changes differently, practically any significant shift can leave you feeling like...
ESG: The Priority In Procurement
Once a support role, procurement is increasingly moving to the forefront of sustainability strategy. It’s so important that according to a recent Accenture analysis, half of the surveyed company leaders view procurement as a top method of achieving ESG goals....
Adopting The New Definition of ROI For Supplier Diversity
There is no doubt that many companies are making changes to provide value to the customer. For many, this entails emphasizing diversity and inclusion (D&I) activities that result in substantive change. Finding diversity inside a company is a terrific first...
How Project-Based ESG Scoring Tool Can Help Your Organization Comply With The ESG Norms?
A sure-shot way for a company to win public trust is through the standards it maintains, which are not limited to its products or services. A company’s operations in the environmental, social, and governance (ESG) areas and the impact it...
The Essentials Of Tracking And Reporting Of Metrics In Supplier Diversity Program
What Is Supplier Diversity? The main essence of the supplier diversity program is to provide an opportunity to diverse suppliers that include minority, women, LGBTQ, veteran, and disabled-owned businesses. It is a proactive business strategy providing suppliers equal sourcing and...
How To Improve Supply Chain Efficiency Using Machine Learning
In today’s competitive market, the supply chain industry encounters various difficulties, such as a lack of essential components, port congestion, high shipping prices, irregular customer demand, and delays in the logistics and supply chains. At the same time, supply chain...
What Is An ESG Report, And Why Is It Important For Your Company?
In the past, financial performance measures such as profit and return on equity determined a company’s success. However, this has been changing recently, and environmental, social, and governance (ESG) scores play a significant role in this process. As a result,...
How Can ERP Help You In Reaching Your Sustainability Goals?
Do you know what topics are frequently discussed in boardrooms nowadays? It is about implementing sustainability initiatives into the company’s ERP system and moving toward a green future. Many organizations have adopted the triple bottom line, which contends that an...
How AI is Bringing In Waves Of Change In Supply Chain Management?
Artificial Intelligence is the ability of machines to imitate human intelligence processes with the help of the applications such as expert systems, natural language processing, machine learning, recognition of speech and vision of the machine, etc. AI in the supply...