Supplier Diversity and Supply Chain Managment: Strategic Approach Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Although buying trends are moving towards consolidation, strong economic arguments can be made for a variety of suppliers. In fact, most of the Fortune 500 companies are currently working supplier diversity initiatives. If integrated into the overall corporate strategy, supplier diversity can be a source of competitive advantage for corporations. In order for this integration successfully occur, however, the initiative should be senior management, supporting culture, and the presence of champions to promote the offer. Minority suppliers, in turn, need to understand that their success or failure in this highly competitive environment depends on their ability to continuously develop generic competences that have to be learning organizations, and become more and more adapted to and skill, strategic alliances among themselves and with corporate clients. In these respects, they can take advantage of intermediary organizations (such as local councils supplier) to enhance their competencies and competitive advantages. "Hide
by Henry Adobor, Ronald McMullen Source: Business Horizons 11 pages. Publication Date: May 15, 2007. Prod. #: BH232-PDF-ENG