Expense Tips

Supplier diversity
| Expense Tips, Supplier

Supplier Diversity in Procurement: Diversifying Your Supplier Base

If you have spent a significant amount of time in the procurement landscape, especially public procurement, you are aware of supplier diversity efforts implemented to ensure that suppliers owned by minority groups are getting their fair share of business. These efforts seek to undo the historic underrepresentation that minority-owned businesses face. Supplier diversity in procurement […]

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Making decisions on which suppliers to use is what sourcing is in an eggshell.
| Expense Tips, Sourcing

How Data Monitoring Can Improve Strategic Sourcing Strategy

Strategic sourcing is the process of taking a look at what goods and services your organization needs to run most effectively, and is implemented by taking a look at all available options and optimizing the spend of the organization. It implies a knowledge of the difference between minimizing total cost, and minimizing purchase price. It’s

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Sourcing from diverse suppliers.
| Expense Tips, Program Goals

Supplier Diversity Programs: Distinctions and How They’re Tracked

Supplier diversity has been a hot topic in recent years. Several organizations, whether they be in higher education, or the public or private sectors, have put an increased focus on defining and meeting quotas to ensure that they are doing business with DBE (disadvantaged business enterprise) suppliers. Here at Card Integrity, we’ve written several articles

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