Making the Most of Your Supplier Diversity Data
Making the Most of Your Supplier Diversity Data
Over the past few years, supplier diversity in Oil & Gas has become an increasingly common component of ESG commitments across the industry, while enabling companies to tap into a broader array of talent and skills as the industry evolves to meet the rising tide of global demand.聽
As more companies look to build , it鈥檚 all for naught if they can鈥檛 identify and report on suppliers who meet their diversity requirements within their existing AVL. If you can鈥檛 identify diverse suppliers you can鈥檛 leverage them. And if you can鈥檛 report on utilization, there鈥檚 no way to attribute positive steps in this area to results against your broader ESG goals.聽
Success in this arena relies on an operator鈥檚 ability to track and easily surface vendor diversity types. 成人抖阴 has solved for visibility by enabling discovery of the diverse suppliers operators already do business with, as well as making it easier, faster, and safer to fill sourcing gaps and onboard new vendors from our nationwide network.
Below are a few key ways that 成人抖阴 empowers Oil & Gas leaders to take meet their vendor diversity requirements:
Access: A Single Source of Truth for Vendor Diversity Data
Similar to how 成人抖阴 collects compliance, HSE and safety ratings, diversity classifications are no different. When a new vendor is onboarded, they are prompted to voluntarily identify themselves according to All of this is stored on the 成人抖阴 platform, becoming a single source of truth (SSoT) for vendor diversity data, accessible in just a few clicks.
When vendor diversity data is easily accessible, Oil & Gas leaders can leverage it in their daily decision making. No more manual triangulation of disparate data and reporting across systems.
Sourcing: Fill Gaps More Easily
Visibility into vendor profiles makes it easier to leverage the 成人抖阴 network to fill sourcing gaps in a manner that aligns with your ESG commitments. With costs in Oil & Gas expected to increase from , creating pathways to reduce reliance on concentrated suppliers, and instead, securing other avenues to expand your approved vendor list (AVL) can reduce friction and lead to more time- and cost-efficient project management.聽
With 成人抖阴, operators have the ability to source diverse suppliers in every major basin from our nationwide network.
Competition: Increase the Resilience of Your Supply Chain
鈥As energy companies expand their supplier networks to accommodate deeper pools of diverse suppliers, there is a hidden benefit: increased competition.
As we鈥檝e discussed, competition is a key ingredient to building a more resilient supply chain. More competitive bids empowers operators to negotiate better prices, resulting in cost savings of per bid. And more depth across service categories ensures that operators have qualified backups to call on in any region, if and when a supplier falls through.
A Healthy Exercise
鈥When you step back, the actions required to be able to leverage and report on diverse suppliers in an Oil & Gas operator鈥檚 vendor base are no different than the actions operators should be taking to improve their supply chain operations across the board.聽
To recap, these are:
- Implementing a single source of truth for vendor requirements, data, and reporting
- Finding ways to efficiently source suppliers who meet their specific requirements
- Taking advantage of the operational efficiencies and pricing leverage afforded by increased competition and category depth across regions
Whether supplier diversity is the catalyst for something new, or simply a requirement to meet, taking these steps will improve any Oil & Gas company鈥檚 ability to manage their supply chain full stop.
成人抖阴 can be that single source of truth, and the unlock to greater depth and competition across categories (without adding to your AVL). Real-time data, 6x faster onboarding, and lower relationship management costs are just a few reasons the biggest players in Oil & Gas choose 成人抖阴.
It鈥檚 not magic.聽
Book a demo today to learn how 成人抖阴 can help you reach your supplier diversity - and greater supply chain - goals.
Making the Most of Your Supplier Diversity Data
Over the past few years, supplier diversity in Oil & Gas has become an increasingly common component of ESG commitments across the industry, while enabling companies to tap into a broader array of talent and skills as the industry evolves to meet the rising tide of global demand.聽
As more companies look to build , it鈥檚 all for naught if they can鈥檛 identify and report on suppliers who meet their diversity requirements within their existing AVL. If you can鈥檛 identify diverse suppliers you can鈥檛 leverage them. And if you can鈥檛 report on utilization, there鈥檚 no way to attribute positive steps in this area to results against your broader ESG goals.聽
Success in this arena relies on an operator鈥檚 ability to track and easily surface vendor diversity types. 成人抖阴 has solved for visibility by enabling discovery of the diverse suppliers operators already do business with, as well as making it easier, faster, and safer to fill sourcing gaps and onboard new vendors from our nationwide network.
Below are a few key ways that 成人抖阴 empowers Oil & Gas leaders to take meet their vendor diversity requirements:
Access: A Single Source of Truth for Vendor Diversity Data
Similar to how 成人抖阴 collects compliance, HSE and safety ratings, diversity classifications are no different. When a new vendor is onboarded, they are prompted to voluntarily identify themselves according to All of this is stored on the 成人抖阴 platform, becoming a single source of truth (SSoT) for vendor diversity data, accessible in just a few clicks.
When vendor diversity data is easily accessible, Oil & Gas leaders can leverage it in their daily decision making. No more manual triangulation of disparate data and reporting across systems.
Sourcing: Fill Gaps More Easily
Visibility into vendor profiles makes it easier to leverage the 成人抖阴 network to fill sourcing gaps in a manner that aligns with your ESG commitments. With costs in Oil & Gas expected to increase from , creating pathways to reduce reliance on concentrated suppliers, and instead, securing other avenues to expand your approved vendor list (AVL) can reduce friction and lead to more time- and cost-efficient project management.聽
With 成人抖阴, operators have the ability to source diverse suppliers in every major basin from our nationwide network.
Competition: Increase the Resilience of Your Supply Chain
鈥As energy companies expand their supplier networks to accommodate deeper pools of diverse suppliers, there is a hidden benefit: increased competition.
As we鈥檝e discussed, competition is a key ingredient to building a more resilient supply chain. More competitive bids empowers operators to negotiate better prices, resulting in cost savings of per bid. And more depth across service categories ensures that operators have qualified backups to call on in any region, if and when a supplier falls through.
A Healthy Exercise
鈥When you step back, the actions required to be able to leverage and report on diverse suppliers in an Oil & Gas operator鈥檚 vendor base are no different than the actions operators should be taking to improve their supply chain operations across the board.聽
To recap, these are:
- Implementing a single source of truth for vendor requirements, data, and reporting
- Finding ways to efficiently source suppliers who meet their specific requirements
- Taking advantage of the operational efficiencies and pricing leverage afforded by increased competition and category depth across regions
Whether supplier diversity is the catalyst for something new, or simply a requirement to meet, taking these steps will improve any Oil & Gas company鈥檚 ability to manage their supply chain full stop.
成人抖阴 can be that single source of truth, and the unlock to greater depth and competition across categories (without adding to your AVL). Real-time data, 6x faster onboarding, and lower relationship management costs are just a few reasons the biggest players in Oil & Gas choose 成人抖阴.
It鈥檚 not magic.聽
Book a demo today to learn how 成人抖阴 can help you reach your supplier diversity - and greater supply chain - goals.
Related Stories
