By now, nearly everyone in Supplier Diversity has heard of an “Economic Impact”. This is with good reason. Everyone is looking for a good data about how their Supplier Diversity program is positively impacting the company and diverse communities.
You have probably heard lots of buzz lately about the “economic impact of Supplier Diversity.” Various councils and groups have touted this as a means to build a better business case for Supplier Diversity. The numbers we see are impressive. But what does this mean to you, the Supplier Diversity or Procurement professional at a major US corporation?
Like many associations, ASA knew it was struggling to maintain and manage clean data across its many systems. This lack of data integrity is preventing ASA from making good, reliable business decisions based on quality reports and analytics.
Personal Care Products Council (the Council), a trade association that provides a complete range of services that support the personal care products industry’s needs and interests in the scientific, legal, regulatory, legislative, and international fields. The organization has 600 member companies.
Background:The company employs over 8,000 beauty consultants that work at more than 2,000 retail cosmetics counters across the country. L’Oréal and the individual retailer split the payment of wages to these beauty consultants.