This guest blog post is contributed by a SIG board member to share their personal story and experiences. Diversity and inclusion are one of SIG's core values, and we hope this blog will encourage positive change. The content below does not express the views or opinions of SIG.
Over the past year, anti-Asian sentiment has again continued to rise. It is worsening across various parts of the world and in America, including shockingly, even in San Francisco! As an Asian and an immigrant, it sinks my heart every time I see it. Still, I am acutely aware of and disheartened to know that for every one reported by the media, many aren't being reported either by the media or by victims themselves.
Asia is a continent full of many vibrant cultures full of rich history and customs, some of the oldest on the planet. Our value systems perhaps make us easy targets of bullies that haven't been taught better and those that continue to harbor resentment and jealousy towards the success of hard-working Asians.
I am an Asian-American immigrant who lost my parents in a horrific and racially motivated incident almost three decades ago. Now there isn't a single day that goes by that I don't think about how globalization has made America and the world smaller, but these sentiments are still so prevalent and of all places, in America! While it's not acceptable to see these incidents anywhere but to see them in America in 2021 makes me question why our value systems have not yet evolved, despite globalization?
Purvee Kondall, Senior Director of Technology & Engineering Sourcing, Albertsons Companies
As a continuation of our celebration of diversity and inclusion this year and Women's History Month, we bring you part 2 of our Women's History Spotlight.
Purvee Kondal is a Senior Director at Globality, an advisory board member at RampRate, a Nomination Committee member for the Athena Rising Foundation Fellowship, an Athena Alliance member, and a National Association of Corporate Directors Accelerate program participant.
She is a seasoned executive with over 15 years of experience leading transformational changes at notable organizations such as Johnson & Johnson, Capgemini, General Electric, and Ross Stores.
Emily Rakowski is the Chief Marketing Officer at EcoVadis. Emily brings over 20 years’ experience in high-tech marketing and consulting to EcoVadis. She previously spent many years in global marketing and demand management roles with both SAP and Ariba. Also, she is a SIG Advisory Board member.
Padmini Ranganathan is Global Vice President, Product Strategy, SAP Procurement solutions. In this role, she leads a team of experts focused on watching emerging trends and helping shape the future of digital and sustainable procurement. Throughout her 25+ year career journey, Padmini has been a passionate advocate for bringing technology to business users that simplifies and enriches their daily work and decision making.
SIG will be celebrating diversity and inclusion this year and this month, we are highlighting the professional contributions of SIG members for Women's History Month. We have selected a round up of our favorite women authors over the last year to feature!
Sheena is the Managing Director of North America at Spend Matters, starting with the organization in 2010 as their copyeditor.
Michele leads the TD Securities' Global Third Party Management Office with a mandate to manage TD Securities' third party risk and spend proactively, centralize third party management, and maintain an effective operating model aligned with rapidly changing regulatory requirements.
Dawn Tiura, CEO and President of SIG, SIG University and Future of Sourcing Digital Publication, has over 26 years leadership experience, with the past 22 years focused on the sourcing and outsourcing industry.
There’s a lot of talk regarding all the ways technology is going to revolutionize procurement. Blockchain can increase supply chain visibility. The Internet of Things (IoT) can change the way our business devices communicate with each other. But what type of innovations are available at the sourcing level?
From paper RFPs to conferences, it seems the way we source business has largely remained the same. Procurement teams are limited to siloed, outdated supplier databases and incomplete business information when attempting to make business decisions. It’s expensive and time-consuming to get a holistic picture of a supplier’s business health and mitigate third-party risk.
How can we adapt today’s technology for tomorrow’s sourcing needs? Here are a few innovative ways that your organization can source business.
Mobilize Your Supply Chain
I believe the key to sourcing success lies in mobilizing supply chains. Right now, supplier data is locked down in many different places that don’t communicate with each other. A large organization may have supplier data separately located throughout their ERP and CRM systems, accounting and legal departments, and Excel files floating around from supplier diversity programs, in addition to their procurement arm.
Teams are often tasked with managing legacy Electronic Data Interchange (EDI) systems with high overhead costs and systems that are unable to effectively manage the dynamic nature and sheer abundance of today’s business data. Traditionally, supplier information has been limited to line items such as name, tax ID, quantity and price of a sourced product, and remit-to-pay.
Daryl Hammett, CSMP, CSP, C3PRMP, Global Head of Lead Management and Operations Amazon Web Services (AWS)
I recently had the privilege of joining SIG’s podcast with Dawn Tiura. We had so much fun talking about diversity and inclusion (D&I) strategies, and why now is the time for organizations to start thinking about and acting on total talent diversity. Specifically, diversity across all of their workers, full-time and contingent (contractors, freelancers, and shift workers). Dawn and I are both super passionate about this topic so if you are too, take a listen.
Maybe you’re thinking, “I’ve got diversity suppliers and that’s what I’m measured on.” That’s great if you do, and the truth is diversity suppliers are absolutely critical and shouldn’t be overlooked. However, just because you use diversity suppliers doesn’t mean you are getting diverse candidates.
Many organizations spend as much as 42% of their entire workforce budget on contingent labor, and most CFO’s expect that number to increase in the coming years. In fact, by 2023, over 52% of the workforce will be made up of freelancers. So if such a significant portion of your workforce is contingent, shouldn’t you consider diversity and inclusion across all workers?
Certainly, we know it’s good for the bottom line, as evidenced by the Boston Consulting Group finding that diverse companies have higher revenue. Who can deny that revenue isn’t important? It’s what keeps everybody employed! Here are some essential points to consider:
It’s so easy to do the right thing to do for people and business. Diversity and inclusion across all worker categories can so easily be implemented. It brings value to your community, to your current and future workers and your company brand.