Establishing specific goals for minority purchasing, for individual employees, departments, locations or functions. Goals can be established by dollar amounts, specific product or service sector targets, percentages, growth objectives, or a combination.
Progress is tracked regularly, and goals are reinforced by regular periodic reporting.
Annual written plans for specific business units or geographic locations can be required. When the playing field becomes more level, competition will be greater, quality and innovation will increase and your bottom line is impacted in a positive way. It just doesn't make sense for purchasers to keep doing things the same old way. MBEs and WBEs offer great resources that have gone untapped. Goal setting is one of the primary means of monitoring the company's progress toward supplier diversity goals.