Building a Benchmark for Supplier Diversity: Our work with MSDUK

Delivering a Comprehensive Tool to Measure and Improve Supplier Diversity Across UK Corporates

PORTFOLIO PROJECT_

Initially approached by a leading supplier diversity advocacy organisation in the UK, Teque was tasked with developing a portal for the organisation’s corporate stakeholders. This portal would allow stakeholders to submit meaningful data on their commitment to supplier diversity. When aggregated, this data would provide insights into how each company’s diversity programs compare to their competitors and offer a comprehensive view of supplier diversity within the corporate landscape of the UK.

 

Our client wanted to advocate for diversity, be able to measure it, report on these findings and build their client base of corporates looking to do better in the diversity space.

 

Our personal approach and understanding of this client stood out, driving us to a successful partnership.

CLIENT_

Building a Benchmark for Supplier Diversity: Our work with MSDUK

Since 2006, our client has been the UK’s leading organisation, representing and certifying ethnic minority businesses. They have a commitment to creating inclusive corporate supply chains through resilient organisations taking a keen interest in collecting meaningful data about corporate commitment to supplier diversity. They promote diversity, innovation, and education to build a stronger, more powerful society with a corporate network including the likes of Meta, Intel, Apple, Barclays & more.

CATEGORY_

Benchmarking Tool

THE TEQUE CHALLENGE


In collaboration with Accenture, our client had previously developed a framework that allowed them to measure the maturity of supplier diversity programs in corporations; however, this framework lacked the tools needed to implement it.At Teque, we had previously developed a similar and successful tool for a previous client, and upon discovering this, we were approached to digitise the framework for this client, too.This development was to facilitate corporates answering detailed questionnaires annually about their diversity programs and logging information with the client. This would result in an accurate measurement and comparison of supplier diversity efforts in a report presented at annual corporate events.The goal of our client's benchmarking tool is for corporates to work alongside them to improve their diversity measures.

WHAT WE DID


Working alongside our client and Accenture, our team progressed with discovery. We needed to understand the target audience, users across various corporations and the questions they would be faced with. We also needed to be aware of the scoring methodology for these corporations too. 

 

With Teque’s collaborative, result-driven approach, we created a tool tailored to our clients’ specific needs.

 

With this understanding, we were able to develop a comprehensive benchmarking tool that digitalised the existing framework produced by our client and Accenture. This also made the framework scalable. From there, our client would be able to iterate year on year from their previous learnings.

 

We are proud to have helped our client create the first tool of its kind in the British corporate landscape, collecting meaningful data from the world’s biggest names. 

 

This partnership has painted an accurate picture of the maturity of supplier diversity and inclusion across the national corporate sector – ultimately allowing each member to compare their own results with their industry averages.

THE OUTCOME_

It made an impact – this tool was felt across the sector, incentivising corporate leaders to invest in supplier diversity while appreciating their strengths and achievements. It also allowed room for improvement for these leaders too.

TESTIMONIAL_

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“The team at Teque have been passionate about this project. They were very adaptive, friendly, approachable & the chemistry between our team is always going to be the plus point thinking of future projects.”- Mayank Shah, CEO
GET IN TOUCH_

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