WebNov 11, 2024 · Executive engagement is up, but training and metrics are down One of the key findings of the 2024 State of Supplier Diversity Report is that executive … WebJul 21, 2024 · According to Hackett, world-class procurement organizations spend 20 percent less (up to $6 million in cost savings for a typical large company) and have 27 percent fewer full-time-equivalents (FTEs), while generating more than double the cost savings of typical procurement organizations.
Supplier Diversity Benchmarking with Supplier.io and The Hackett …
WebTwo characteristics distinguish The Hackett Group’s procurement benchmark studies: the world’s largest repository of empirically proven best practices, and our proven approach for assessing performance and … WebFeb 21, 2024 · The Hackett Group has found that companies’ ambition regarding supplier diversity objectives was decidedly narrow, limited to improving corporate image, … martech air
Sourcing & Procurement Insights - The Hackett Group
WebApr 19, 2024 · Gartner Research Procurement’s Supplier Diversity Benchmarks Published: 19 April 2024 Summary CPOs can use these benchmarks to compare the state of their supplier diversity initiatives against peer procurement organizations. Included in Full Research Overview Analysts: Procurement Research Team Access Research … WebNov 21, 2024 · Supplier diversity programs can add up to $3.6 million to the bottom line for every 1 million in procurement costs (Hackett Study 2015). Research has shown that the main reason for supplier diversity programs to create a positive impact on the bottom line is due to the competition that it fosters among businesses. WebJul 27, 2024 · A 2024 study by Hackett of 100 large global and US-based companies found that almost three quarters of organizations either already run or plan to expand their global supplier diversity programs by 2024, and that the average 2025 target is to spend 13% with suppliers that are more than 51% owned or controlled by an individual or group that … martech aps