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Corporate Supplier Diversity

Corporate Supplier Diversity. Line of Business Engagement Presenters: Derek Cantey. Internal Partners. CSD. External Partners. Corporate Supplier Diversity - Role. CSD Role. Partnership. 1. Develop processes and goals to support the corporate commitment of $1billion by 2013 .

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Corporate Supplier Diversity

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  1. Corporate SupplierDiversity Line of Business Engagement Presenters: Derek Cantey

  2. Internal Partners CSD External Partners Corporate Supplier Diversity - Role CSD Role Partnership • 1. Develop processes and goals to • support the corporate commitment of • $1billion by 2013. • 2. Answer initial questions from • prospective minority, women, • disadvantage business enterprises • (MWDBEs). • 3. Link qualified prospective MWDBEs • with appropriate decision makers within • the Wells Fargo organization and serve • as an advocate. • 4. Promote an “open door” atmosphere • within the company that provides • MWDBEs with guidance and • consultation to help them become Wells • Fargo suppliers and further develop • their businesses. • 5. Represent and Communicate the • Supply Chain Management /Corporate • Properties Group process. • 6. Engage appropriate internal partners. • 7. Provide outreach to advocacy • organizations and MWDBEs for support • continued business development. Internal Partners • Marketing • Corporate Communications • SCM • Enterprise Expense Management • Corporate Properties Group (CPG) • Accounts Payable • Lines of Business • Legal • Social Responsibility Group (SRG) • Government Relations External Partners • Suppliers, Customers, Shareholders • National Minority Supplier Development Council (NMSDC) • Women Business Enterprises Network Council (WBENC) • National Center for American Indian Enterprise Development (NCAIED) • National Council of Asian American Business Associations (NCAABA) • Various Chambers (Hispanic, Asian, African American, GLBT, Indian)

  3. Focus by Line of Business • Leadership Support • Understanding the Business • Setting the Goal

  4. Leadership Support • Make the Business Case relevant to the business • Define Success • Get them engaged

  5. Understanding the Business • Understand the internal environment • Research what they buy and how • Define your strategy early in the sourcing /procurement process • Data, Data and more Data

  6. Setting the Goal • Clear defined Area of Opportunities • Executive sign-off • Review and Redefine

  7. Line of Business Engagement

  8. CSD & CPG SWOT ANALYSIS • CPG Communication Plan (Reporting and Opportunities) • Standard Polices and Procedures • Define scoring and reporting criteria • MWDBE Vs. Customer – CPG Executive Engagement • Maintain Strong Leadership Commitment • Build and strengthen CPG and CSD partnership • Continue to build and focus on areas that drives CPG MWDBE spend

  9. Next Steps • Establish a Target: • CPG and CSD Leadership will formulate a plan for achieving a spend of $_____M with MWDBEs. • Monthly and Bi-weekly meetings between CPG and CSD to review status and strategy: • Monthly meeting to discuss progress towards target. • Bi-weekly meetings to proactively discuss and develop diversity strategy based on projects in the CPG bid calendar. • Monthly timeslot for MWDBE to present capabilities to representatives from all CPG teams. For example, Retail, Admin, Spot and PMO. • Develop a 2nd Tier Enforcement team to ensure that primary suppliers are meeting their 2nd Tier contract commitment. • Establish an appropriate and equitable RFP practice that promotes increased MWDBE awards: For example, a “price” lift for MWDBEs.

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