Diversity is one of the hottest buzz words in the supply chain world today. But, are supplier diversity programs a fad or a truly integral part of companies' supplier management strategies?

Analyst Insight: Ditching spreadsheet programs and stand-alone supply chain solutions for integrated software solutions is key to increasing visibility throughout the supply chain. By improving visibility, supply chain leaders can further optimize inventory and improve forecasting abilities, as well as increase the business's ability to react to disaster within the supply chain - a top priority for many executives. - Michael Koploy, ERP analyst, Software Advice

Analyst Insight: Supplier segmentation is a critical foundational component for executing on your supply management strategies and for understanding and building value in the supply network. Supplier segmentation supports an end-to-end supply chain segmentation strategy. However, it must be aligned with downstream processes to ultimately deliver value to customers. Unfortunately, Gartner Supply Chain research finds two-thirds of organizations take a one-size-fits-all view to supplier relationship management, resulting in misaligned resources and little delivered value. - Mickey North Rizza, Gartner Supply Chain Research

Analyst Insight: There are many flavors of supplier networks. And switching costs, especially on the buyers' side, can be high - because these are solutions, not just networks. For these reasons, we will not see the consolidation of supplier networks to nearly the same extent that we see for other types of networks. - Bill McBeath, chief research officer, ChainLink Research

Analysts' Insights: As companies plan and strategize for long-term effectiveness in supply management, they must focus on one aspect to truly derive value out of their procurement and sourcing efforts: evolution. Organizations globally must look to the future and adapt their reliance on technology as solutions evolve for the better. Christopher J. Dwyer, senior research analyst, Aberdeen As organizations continue to adjust their technology footprint into the next decade, the question around SaaS is not if but how SaaS will be leveraged within the procurement enterprise. Constantine G. Limberakis, senior research analyst, Aberdeen