You are now leaving jnj.com. The program administrators don’t typically do the procurement — rather, their role is to be a resource. “It can really help your business but you have to leverage the programs the right way,” she says. Our Commitment to Safety and Transparency as We Study Our Investigational COVID-19 Vaccine Candidate. She says it only cost her a few hundred dollars but saved a lot of time trying to do it herself. With leadership positions at companies still largely not diversified, one could argue that companies are creating diversity programs primarily as PR moves rather than sincere attempts to make measurable changes in … “Top-performing organizations are taking advantage of this opportunity, and applying the tenets of social diversity to new areas such as supplier partnering, reputation management and global expansion with exceptional results.”, “There are certainly challenges that need to be overcome,” cautioned Ms. Gibbons. The companies that offer these programs “have made a commitment to ensure that their supply chain reflects their community, customer base and employee base,” says Michelle Sourie Robinson, president and CEO of the Michigan Minority Supplier Development Council, one of 23 affiliates of the National Minority Supplier Development Council. “The briefing is a wonderful service to reduce the cycle time of processing your application,” she says. These studies drive its Best Practice Intelligence Center™ which includes the firm’s benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group’s clients and partners to achieve world-class performance. Suppliers that qualify for this program include: Certified Minority-Owned Businesses, Small and Large, Certified Woman-Owned Businesses, Small and Large, Certified Gay/Lesbian-Owned Businesses, Small and Large, Small Veteran-Owned and Service Disabled Veteran-Owned Businesses. It’s in our best interest to find the best suppliers, and a focus on supplier diversity is an important part of how we do that.”, According to Jillnell Joiner, Senior Supplier Diversity Manager, American Red Cross, “At American Red Cross, we’ve been very focused on expanding our supplier diversity efforts over the past few years, and communication has become a key best practice for us. The Hackett Group has completed more than 17,850 benchmarking studies studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 90% of the Fortune 100, 80% of the DAX 30 and 57% of the FTSE 100. Johnson & Johnson was “Highly Commended” by WeConnect for the company’s supplier diversity programs. “These programs incentivize large companies to carve out a portion of the work that they would normally perform in-house,” she says. They use supplier diversity as a reputation-builder to help increase market share and retain talent, and rely on social media to develop customer and brand awareness. “I try to figure out where prospects hang out so I can get to know them and start interacting on their terms.”. Craig-Hart speaks from experience. All rights reserved, Insights and Inspiration to Help Grow Your Business, Check for Pre-qualified Credit Card Offers, Credit Intel – Financial Education Center, Michigan Minority Supplier Development Council, National Minority Supplier Development Council. By working with small and diverse suppliers, we tap into new ideas that add value to our businesses and provide innovative solutions to our marketing, manufacturing and research & development efforts. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. Copyright © 2020 The Hackett Group, Inc.; All Rights Reserved. The Hackett Group is a leading global strategy and operations consulting firm, with particular expertise in performance benchmarking and business process reengineering. The sponsorship to attend the Kellogg School of Management at Northwestern University is an investment in a supplier partner to grow in scope and scale, so we can continue our services globally in the future for Johnson & Johnson. The goal of Kroger’s Supplier Inclusion Program is to foster the promotion, growth and development of minority, women and other diverse owned enterprises. Garth Solutions has multiple MBE and WBE certifications, both through the Florida State Minority Supplier Development Council and several government agencies, such as the Florida Department of Transportation and Broward County, Florida. Additionally, many large corporations have a dedicated resource, such as a small business liaison officer (SBLO) or diversity liaison officer on staff to execute on supplier diversity. To simplify the process of navigating our company and gaining access to appropriate decision makers, Kroger established a corporate-wide Supplier Inclusion Program more than 30 years ago. Many — but not all — of the privately-owned companies that have supplier diversity programs require vendors to be certified as a diverse firm, typically by a third-party organization such as the National Minority Supplier Development Council. To truly unlock the full potential benefits of supplier diversity efforts, The Hackett Group recommends that companies consider expanding beyond traditional goals such as complying with regulations. “The stronger you are walking through the door, the more likely it is that you’ll achieve success.”. Our cash flow analysis services have helped clients to free up billions of dollars in improved cash flow. “And you still have to market yourself.”, Craig-Hart starts by identifying which companies buy the type of services that Smart Simple Marketing provides, then asks herself, “Is that a company I want to do business with?”. In addition to evaluating your own business, Robinson recommends looking at the competition. As part of its new Healthy Lives Mission, the company's iconic consumer brands will aim to use 100% recyclable, reusable or compostable plastic packaging and certified/post-consumer recycled paper- and pulp-based packaging. Second Tier Program “You have to do your homework and understand how the companies work, what services they buy and how they buy them,” Garth says. “Certification not only confirms to potential buyers that you have been vetted in terms of ensuring you’re legitimately owned, managed and controlled by a minority group, but also gives you access to training and development resources that are otherwise more difficult to receive,” Robinson says. But our research clearly shows that this is not true. “Hiring the consultant was well worth the investment,” she says. “Becoming a supplier to a large organization is a great revenue opportunity for small businesses,” she says. Awarded Women's Business Enterprise National (WBEN) Council’s Top Corporations of the Year for Women’s Business Enterprises. Johnson & Johnson was named by the U.S. Hispanic Chamber of Commerce to its Million Dollar Club for demonstrating a commitment to minority and women-owned businesses. And we support suppliers as diverse as the world in which we live and work.”. Kroger is a complex company. The Hackett Group recommends that companies manage U.S. and global programs as a single initiative, where appropriate. Global corporations must be committed to utilizing the world’s best suppliers. Partnering with corporate diversity groups, which manage workforce diversity, is also highly advisable, as is working with third parties that can help companies connect with diverse suppliers. In fact, up to 10 percent of sales come with supplier diversity requirements, suggesting that the lack of such a program can even result in lost revenue.”, According to Michael Robinson Program Director – Global Supplier Diversity, IBM, “At IBM, we’ve been leading the way in corporate supplier diversity efforts for nearly 50 years. Johnson & Johnson Medical Devices Companies. In addition, they see improved quality and often extract other benefits, including increased market share and access to new revenue opportunities. You should view the News section and the most recent SEC Filings in the Investor section in order to receive the most current information made available by Johnson & Johnson Services, Inc. The Coca-Cola Company is committed to supplier diversity by maximizing procurement opportunities and proactively engaging and building partnerships with diverse suppliers. This website uses cookies to personalize content, analyze our traffic and enhance your experience. Diversity & Inclusion: Although gender, generations and sexual orientation are all part of the diversity hiring strategy at Sodexo, they state that “gender balance is our business”, and their mission is to make it everyone else’s business too. Recognized by National Minority Supplier Development Council as a Top Corporation for Development. Your use of the information on this site is subject to the terms of our Legal Notice. Mentor Program. “We proactively stay in touch with them and keep them abreast of our capabilities,” Craig-Hart says. These companies develop supplier partnerships, mentor local suppliers, collaborate with suppliers on product innovation, and share their experiences with other companies.
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