Small business data management and reporting is a core element of effective supply chain management. It is especially important since many customers are small business owners. Through analysis of spend data, we can define a pathway to engage key segments of the customer base as our business partners.
More importantly, this analysis contributes to informed decision-making that drives customer value. For these reasons goal setting is integral to supply chain effectiveness in:
​
1. Strategic Sourcing
2. Supplier Evaluation
3. Supplier Selection
​
It provides procurement decision-makers with an essential tool to generate brand appreciation while driving socio-economic
impact in the communities where we operate. Objectives of small business goal assessment:
​
-
Provide an accurate and documented snapshot of the company’s present-day engagement with all sectors of the supply pool.
-
Maintain appropriate reports to document efforts that align with corporate policy and underscores regulatory compliance.

