Getting Diverse Supplier Spend to 26%
Listen now
Description
A frequent question that Chuck Stefanosky, Supplier Diversity Director at Independence Blue Cross, receives is “How do I set my company’s supplier diversity goals?” Chuck’s answer every time: match the diversity of your workforce and suppliers with the community you serve. This strategy has helped guide Independence Blue Cross’ award-winning DEI program for 35 years and helped it grow its annual spend with diverse suppliers to 26%.  With the program reporting directly to procurement, they have full visibility of where money is being spent today and where diverse spend could be increased. Additionally, Chuck will discuss how supplier management technology ensures that they are capturing all diverse suppliers in their supply base with as minimal manual work as possible. Listen to the session to learn about: •    Creating a sustainable supplier diversity program with sustainable spend •    Automating supplier management to ensure supplier diversity identification and certificate validation •    Supporting diverse suppliers' working capital Speakers: Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at apexanalytixChuck Stefanosky, Supplier Diversity Director at Independence Blue CrossWatch webinar: https://www.apexanalytix.com/resources/webinars/getting-diverse-supplier-spend-26
More Episodes
Published 04/15/22
“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit.   “How many dollars of chocolate would we have to sell to equal a million in recoveries?”   He knew that a recovery audit was a good idea from his experience and the benchmarking he does...
Published 04/15/22
Joni Geurts, Director, Accounts Payable & Fraud at JetBlue Airways, tells her story of joining the AP department and addressing the biggest issue for her team: limited visibility into SAP. She couldn’t get the information she needed about suppliers, identify duplicate payments or flag...
Published 04/15/22