We assist corporates to deploy ED funds strategically and effectively in a way that creates real, sustainable impact while at the same time serving the corporate’s long-term strategy. We can professionally develop and implement tailored ED programmes, helping them develop ideas into executable businesses and taking it from ground level to commercialisation.
We assist corporates in creating SD programmes that speak directly to their business needs. Many corporates experience difficulty in effectively linking their SD budgets to a substantial and sustainable preferential-procurement impact on their B-BBEE scorecards. Adson assists corporates to devise long-term strategies that create meaningful transformation in their supply chains.
Both ED and SD are elements of the B-BBEE scorecard. In terms of supplier development, the corporate is required to support the growth of the entrepreneur’s business with either non-financial or financial assistance or both. (Non-financial support includes providing business development services either directly or through a third party such as Adson.) The corporate is also required to procure goods or services from the supplier they are developing, which is what differentiates it from enterprise development. Enterprise development does not require the corporate to procure from the entrepreneur they are developing.
Enterprise Development (ED) and Supplier Development (SD) is one of the three Priority Elements of the Broad-Based Black Economic Empowerment (B-BBEE) Scorecard. An entity is required to achieve a 40% subminimum of each of the categories on the ED and SD Scorecard (excluding bonus points). SD 4 points out of 10 points and ED 2 points out of 5 points. Failure to comply with the 40% subminimum leads to a drop of one level on the B-BBEE scorecard.
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