Strategic Sourcing: Reducing Cost And Supporting Diversity Goals

Topics:
Goal-setting,
Sourcing
Tags:
Channel Management,
Gillette Co.,
Marketing,
Procurement Professional,
Strategic Sourcing,
Supplier
Source:
Gillette

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Overview: Procurement professionals achieve savings through sourcing strategies like volume consolidation, product specification improvement, best price evaluation, and competitive global sourcing. Procurement professionals are also tasked with meeting Supplier Diversity goals and increasing spends and opportunities for minority and women owned suppliers. Is achieving these savings through strategic sourcing while supporting a supplier diversity initiative possible? To be sure, a strategic sourcing initiative can create opportunities for Minority and Women-owned Business Enterprises (MWBEs) where they may not have existed in the past. This paper provides an overview of The Gillette Company's Strategic Sourcing Initiative (SSI) and Supplier Diversity Initiative (SDI), and explains how SSI has enabled SDI at Gillette.

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Format: PDF | Size: 28KB | Date: Apr 2004 | Pages: 6

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