As we make our way to the third article in Card Integrity’s “Back to Basics” series, we wanted to take an opportunity to discuss a topic that has not been touched on much in the past. Prohibited categories are common in any commercial card policy, but depending on the specific industry of the organization, they can […]
Prohibited Categories and Debarred Suppliers: Enforcing Rules and Controls Read More »
If you’re running a business, or working in procurement or sourcing for a large organization, you are creating relationships whether you are fully cognizant of it at all times or not. It’s a huge part of procurement and sourcing. But some of those relationships can become a little more unique — and downright lucrative. Case
The Price to be Paid for Ignoring Preferred Suppliers Read More »
In the realms of supply chain and procurement, it has been well established that measuring supplier diversity is an incredibly important, and impactful, part of the process for any organization. According to Harvard Business Review, a diverse supplier is “a business that is at least 51% owned and operated by an individual or group that
How Procurement Professionals Can Measure Supplier Diversity Read More »
Supplier diversity is a priority for procurement departments in higher education. Doing business with historically disadvantaged businesses is a wonderful way for an academic institution to give back to the surrounding community. Not to mention, it promotes healthy competition. Card Integrity has spent a lot of time talking about supplier diversity initiatives in procurement. We
All About Insight Into Diversity’s HEED Award Read More »
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
Supplier Diversity in Procurement: Diversifying Your Supplier Base Read More »
Why should companies track supplier diversity? Supplier diversity programs provide a lot of benefits for procurement departments. Tracking supplier diversity helps secure the benefits. Here’s what you need to know.
Why Companies Should Care About Tracking Supplier Diversity Read More »
