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Supplier diversity study

Forward-looking supply chain operations link supplier diversity programs to compensation

Forward-looking supply chain operations link supplier diversity programs to compensation to grow external relationships with minority vendors, says a recent study. About 77 percent of companies establish annual spending targets with minority- and women-owned business enterprises, according to a primary research study of 13 companies conducted by BestPractices, a program of the Global Benchmarking Council. To further emphasize the importance of supplier diversity, annual performance assessment and compensation for 88 percent of managers are tied to these spending goals. To download a complimentary excerpt of this member-driven research, see "Meeting Supplier Diversity Standards: Programs and Metrics," at http://www3.best-in-class.com/gr89.htm. Conducted on behalf of a Global Benchmarking Council member, this primary research includes data and insights from companies such as Bank of America and PG&E Corp. The Global Benchmarking Council is a source of best practices for current and future thought leaders. For more, visit http://www.globalbenchmarking.com.