2015 FORUM ON WORKPLACE INCLUSION Cultural Intersection of Organizations’ Supplier Development and Diversity & Inclusion Strategies: “Achieving Success through the Integration of Parallel Business Drivers” Eric Watson, Carolinas-Virginia MSDC Neddy Perez, Ingersoll Rand Lois Cooper, LMH Strategies, Inc. Objectives • Help D&I Practitioners better understand the intersection points with Supplier Diversity • Identify opportunities to increase cross collaboration between both groups • Provide resources that can help increase awareness and understanding of supplier diversity What are the Major Focus Areas of D&I Today? • Cultural Competence • Community/Employer Brand Building • Talent Pipeline Support • Employee Engagement • Marketplace Connectivity • Social/Emotional Intelligence • Unconscious Bias • Diversity Consciousness What are the Major Focus Areas of Supplier Diversity Today? • Capacity Development • Revenue Growth • Wealth Creation • Reporting Intersections for Alignment Awareness Building & Generating Buy-in Leadership Development Driving Business Change Increasing Market Connectivity Building Positive Corporate Brand Return on Investment Sustainability Pipeline Supplier Diversity Diversity & Inclusion X X X X X X X X X X X X X X Vendors Talent Adecco’s Story • When did program start • Major accomplishments • Opportunities where collaboration took place Ingersoll Rand’s Story • Supplier Diversity sits in Procurement/Supply Chain Organization with dotted line to Diversity & Inclusion Dept. • Established program in 2012 • No reporting • Passive involvement 2.3% spend • Today • 5.7 % spend = to $300 million • Tracking and reporting mechanism • Intersection Points • Built efforts into Diversity Strategy, Diversity Council, part of Diversity Team Meetings • Reporting is part of Business Unit Diversity Action Plans • Ambassador Program for Employee Resource Groups • Supported $50K Foundation Grant for Mentoring Businesses • Collaborate on Communications articles internal/external Learning Activity Guidelines for Learning Activity • Identify a facilitator at your table • Identify a reporter at your table • Take 10 minutes to discuss the following questions: • What are some of the challenges that you foresee facing in building a relationship • Are there events or activities that you could jointly engage in • Are there opportunities to collaborate on communications or training • Report out 1-2 major learnings Wrap-Up Leverage the intersections for organizational understanding Reading & Information Resources Reading Resources: • • • • • • • • • • MBE Magazine Capacity to Succeed, Melvin J. Gravely Musing on Minority Business Development, Dr. Fred W. McKinney Winning with Customers, D. Keith Pigues and Jerry D. Alderman We: The Ideal Customer Relationship, Steve Yastrow Cultural Intelligence, David C. Thomas and Kerr Inkson Winning, Jack Welch The Why of Work, Dave Ulrich Reinventing Diversity, Howard J. Ross The Game Changer, A.G. Lafley and Ram Charan Learning Opportunities: • National Minority Supplier Diversity Certificate Questions What’s on your mind?