Accel Advisors

Profit Improvement Solutions

Supplier Diversity Solutions: Strategic Diversity Sourcing

Strategic Diversity Sourcing is a core competency and one of our key offerings. By combining our rigorous Strategic Sourcing methodology with our knowledge of the Minority Business market, we have been able to help clients increase spend with minority suppliers by more than 300% while simultaneously reducing cost by 10% on average. Supplier Diversity-related services include:

Strategic Diversity Sourcing: Application of Accel's rigorous strategic sourcing methodology with an emphasis on identifying qualified diverse suppliers for inclusion in a competitive bid process. We then provide clients with a report of diversity and savings opportunity by category.

Supplier Diversity Assessment: Thorough evaluation of a client's existing program along multiple dimensions including spend, policy, process, organization and technology relative to cross-industry "best in class".

Supplier Diversity Strategy: Our most comprehensive offering in this area. In addition to assessing client's current state along our evaluation criteria, we develop a solid understanding of regulatory, contractual and customer-specific factors driving the need for supplier diversity. We then provide client with a recommended strategy including diversity spend targets (overall and by category), strategies for targeted categories, process, organization and metrics & reporting.

Training and Coaching: We deliver training workshops aimed at providing procurement professionals and executives with the tools necessary to develop new supplier diversity programs or significantly enhance existing programs. For more information on our training programs, please contact us.

Select Accel Supplier Diversity Solutions

Service Client Profile Situation/Opportunity Results
Facilities Management Outsourcing $10 billion gaming, hospitality & entertainment company Client was interested in identifying purchasing cost reductions and increased volume with MWBE's. Outsourced nearly 50% of properties to MBE supplier partner. Increased diverse supplier spend by $29M.
Corporate Spin-off Billion dollar regional telecommunications provider Company was interested in shedding a non-core equipment supply operation. $20M business spin-off to create one of the nation's largest MBE's and increased diversity spend by over $15M in first year.
New Business Creation Multi-billion dollar health care consortium Consortium of local and regional hospitals were looking to increase their collective spend with MBE's. Several Consortium executed a long-term agreement with MWBE as sole source provider of courier services.
Private Growth Capital Private equity division of leading global investment bank (seeking attractive MWBE investments) Growing MBE consulting and education company was seeking growth capital to facilitate organic growth and strategic acquisitions to help better serve its Fortune 500 client base. Leading "minority-focused" private equity fund invests $5M in MWBE professional services firm.

Services

Accel Advisors, Inc.
8044 Montgomery Road Suite 700
Cincinnati, Ohio 45236
Office: 513-204-5863