Wednesday 21st October, 2020
Coupa Software has announced an initiative focused on making it easier for enterprises to increase their spend with diverse and inclusive suppliers. The Coupa Inclusion Initiative provides new resources, tools, and technologies, including the launch of a diverse supplier portal at supplierinclusion.com that connects buyers with diverse and inclusive suppliers to drive economic impact.
“Businesses recognise the need for policy changes when it comes to diversity, equity, and inclusion goals, such as supplier diversity programs, because of the ROI, lower operating costs, higher profits, and access to increased innovation for the company,” said Rod Robinson, vice president of supplier inclusion and sustainability at Coupa. “However, most companies’ supplier diversity efforts are failing in good faith because the information and technology they need to efficiently source and spend with diverse suppliers was not available. Now within the Coupa Business Spend Management Platform, every company can make diversity and inclusion a strategic part of the business, rather than an afterthought.”
The Coupa Inclusion Initiative focuses on enabling companies to find, select, and direct spend to hundreds of thousands of diverse and inclusive suppliers via the Coupa platform.
It helps any company incorporate diversity into its current processes by surfacing inclusive suppliers by region, industry, and diversity classification; providing knowledge from global supplier diversity certification and advocacy organisations to create the right inclusive supply chain; and sharing resources and tools to understand the value of inclusive supply chains and how to champion these programs internally.
“As part of Red Cross’ commitment to represent the rich diversity of America, we promote a supplier diversity process that develops mutually beneficial relationships with diverse suppliers,” said Tom Nash, chief procurement officer at American Red Cross. “And we use numerous tools, including Coupa’s diverse supplier portal, to enhance our ability to find and incorporate inclusive suppliers into our supply chain, which helps us meet our diversity goals.”