Supplier Development Benchmark Report
It takes a country to grow an economy and for this reason we are delighted with the successful launch of the 2018 inaugural Absa Business Day Supplier Development Awards. The awards recognise and celebrate businesses committed to building thriving, inclusive, and transformed supply chains.
The awards were an opportunity to give a well deserved accolade to the companies that
are building a better South Africa, whilst also presenting winners with a platform to share their own experiences. Furthermore, the event created the opportunity for delegates to engage in the synergy of dialogue amongst their peers, building valuable networks for future collaboration.
More than 400 entries were received for the awards, from organisations with mature programmes to those just starting their journey. The judges considered six key criteria to identify category winners: Supplier Development needed to be central to company strategy, with tangible and lasting impact on target audiences. Innovation, ‘going the extra mile’ and commitment to the goals of transformation and economic growth were also rated highly.
The formal, transparent judging process made use of a panel of seven respected judges. The results and lessons learnt have been publicly shared as a way to enable both the participants and wider community to benefit from the best practice principles of the winners.
This benchmark report illustrates the value that participating businesses are placing on Supplier Development. In many cases this goes beyond superficial adherence to the National Development Plan with Supplier Development becoming integrated into the key strategic intentions of sustainable growth, and in some cases forming an integral part of competitive advantage.
The report provides us with a window into Supplier Development in South Africa, a baseline that will be used to compare year-on-year progress, and a measure from which to compare changes in future trends.