This new feature allows Buyers/Outsourcers to identify diversity suppliers and have their diversity attributes displayed within procurement objects such as RFEs/Estimates, Orders, and Quotes.
The enhancements in this feature allow users to gain visibility of supplier diversity classifications during buying decisions, as opposed to solely relying on post purchase reporting to gauge progress against diversity spend goals. This allows enterprises to not only capture spend with diversity suppliers, but also monitor compliance with corporate policies that seek to ensure that diverse businesses compete on a level playing field. Core to Noosh, all data captured during costing and buying processes is available for subsequent analysis.
Setup/Identification of Diversity Suppliers
When an Outsourcer or Buyer is setting up Suppliers, there will now be a radio button to designate if the supplier is a diversity supplier. You can also designate your current Suppliers as diversity suppliers.
Once your Suppliers are added, from the Supplier List, click on the Supplier’s hyperlinked name:
Click the Edit Status button:
Here you will click the Diversity Classified radio button, which will open up the different diversity classifications to select from. Click on the More info… hyperlink to view the Diversity Classification Definitions.
Make your selections, and click Update. The Supplier will now show “Yes” under the Diversity Classified column of the Supplier List (this is set to “No” as default):
Once a supplier has a designated diversity, this information will be displayed within the following procurement areas:
Contacts/Address Book - An icon will indicate whether the particular contact is Diversity Classified. If you hover over the icon, the specific diversities will be displayed. In addition, a filter is added to display only diversity suppliers.
Create RFEs - when selecting suppliers to send the RFE to, the same diversity icon as the contact/address book will denote the suppliers
View Estimates - for each supplier that provided estimates, the “diversity” icon will be indicated besides each supplier workgroup name.
Orders - similar to estimates, the diversity icon will be added to each supplier name.
Quotes - if the quote item uses pricing from estimates, then the “diversity” icon will be indicated for that supplier.
Note: The diversity classification is object based, not supplier based. For example, if a supplier is setup as a diversity supplier today, then any procurement objects created after the setup of the supplier will be denoted as diversity objects. Any procurement objects created BEFORE the supplier is setup will not be considered as diversity.
The diversity status of a supplier is applied at the start of the procurement process. For example, if today the supplier is NOT set up as a diversity supplier and a RFE is created, then the RFE is not considered as a diversity object. Tomorrow, if the supplier is changed to a diversity supplier and responds to the RFE with estimates, and an order results from the estimate, both the estimate and the order will not be denoted as diversity because the diversity status follows the original RFE.
Reporting of Diversity Suppliers
You can report on procurement activities that include diversity supplier(s). These fields are available in reports on: orders, RFE/Estimates, and quotes.