Corporate Member Spotlight
Did You Know?
The Breakthrough Breakfast was held by the Women Presidents’ Educational Organization (WPEO) in early October. This annual event showcases winners of the Done Deals™ challenge (representing deals completed from April 2016 through March 2017) and helps measure the impact WPEO has achieved in increasing business opportunities and contracting activity between WBEs and WBEs, as well as WBEs and WPEO Corporate Members. This year’s theme focused on disruption and the impact it is having on supply chain and procurement.
How has disruption affected Wells Fargo + Company?
Disruption in the marketplace is not just about technology innovation that merely changes or automates a way we have done something in the past. We must also see it from a customer perspective and how it infringes on lifestyle and our interconnectedness through relationships. This customer view has a direct correlation on how we support the marketplace through our products and services and how our supply chain manages the new disruptive nature of sourcing.
How are we procuring products and services? How do we balance managing cost and getting the best solution for our business objectives in such a fast-paced environment? Which suppliers have anticipated this challenge and are ready to meet it head on? Those vendors will rise to the top as key partners and relationships that will help drive how we show up to our customers and the communities we serve and that is the support we need as an organization.
Tonia Woodbury is a Supplier Diversity Manager at Wells Fargo. With more than 17 years of experience in the financial services industry, Woodbury serves on the Supplier Diversity team responsible for increasing diverse spend growth across the enterprise and developing initiatives to enhance the growth and development of diverse businesses. She works directly with lines of business, including the Home Lending Group; Payments, Virtual Solutions and Innovation Group; the Chief Administration Office and the Corporate Risk Group.
Woodbury established the foundation and framework for the Leaders of Change (LOC) outreach and supplier development program, with over 2,000 participants between 2010 and 2013. The program provided capacity development opportunities for diverse-owned suppliers and advocacy organizations through scholarships, coaching, mentoring and networking.