Yesterday I attended a roundtable held by the Management Consultancies Association (MCA) focusing on the topic of supplier accreditation.
The MCA was keen to learn from buyers what they thought of its new code of practice
- a selection of principles members of the association have to comply with.
The code is quite basic, but the onus is on consultancies to expand upon and explain to buyers how their business complies with the code. And the reaction from buyers round the table was positive, but they felt the code could go further - which the MCA intends to.
Initial research conducted by Source for Consulting
suggested accreditation of suppliers was not a high priority for buyers – primarily because purchasers of these types services are already relatively sophisticated in their supplier selection.
However, it was anticipated that in the future buyers would simply expect their consultants to be accredited as a formality.
Is the accreditation of suppliers a high priority when you are tackling supplier selection? Is it something you look for as a differentiator between vendors?