Corporate Social Responsibility Report 2016

50

PROCUREMENT

While the procurement function continues to deliver significant savings to the firm and our clients, the team is heavily focused on creating policies and processes that enable them to work more effectively and efficiently with their stakeholders. There is a major focus on technology implementation as well which enables advancements. SUPPLY CHAIN MANAGEMENT Through a customer-centric approach, the center-led procurement organization acts as a trusted and knowledgeable business partner to facilitate supply market decisions for delivering services that increase business value, mitigate risk, and support the company’s dedication to clients. We developed a new program, set to launch in 2017, which allows us to better leverage our global spending as well as offer in-depth benchmarking and analytics to ensure we stay ahead of our competition. SUPPLIER DIVERSITY Cushman & Wakefield is committed to providing qualified, diverse suppliers with opportunities to deliver goods and services to us in areas where we conduct business. Some of our service lines have developed a technology tool to assist diverse suppliers in self– registration, and our client teams can access that tool when looking to supplement their mix of Minority Business Enterprise/Women Business Enterprise (MBE/WBE) suppliers. Cushman & Wakefield is now working with a partner to identify and promote all Tier 1 & 2 diversity parties. For 2017, we planned to focus on partnering with other best-in-class partners to redefine our Supplier Diversity Program, with the goal of implementing this new approach in 2018. GOALS We remain committed to the goals outlined in the transformation roadmap, and in addition, our procurement team is working hard toward being integrated with all lines of business across the organization/globe. The team is pushing to constantly improve supplier relationships, reduce risk, and increase compliance across the supply chain.