The word “diversity” has become corporate jargon; it’s a relatable buzzword, which makes it important not to simply group “all things diversity” together. That commonly happens when supplier diversity becomes entangled under the diversity, equity and inclusion (DE&I) umbrella or
A corporate awakening has brought diversity, equity and inclusion (DE&I) to the forefront, increasing visibility and funding for supplier diversity. But funding alone is not enough to drive sustainable and impactful change. It takes a higher level of understanding and
A discipline that verifies the stability and potential exposure associated with each supplier, client-relationship management is a business cornerstone used to increase value and control risk. It is integral in maintaining a business relationship, maximizing profitability and identifying customers critical
Supplier diversity provides opportunities for diverse businesses to participate in competitive bidding, setting the stage for supply chain inclusivity and economic parity. Competitive bidding is the first step in giving diverse businesses a chance to compete. However, having the best
When you think of supplier diversity, what is the first action that comes to mind? If it is tracking or counting, you might be selling your program short. Like other strategic initiatives, your supplier diversity program should have a dynamic
Supplier diversity, also referred to as inclusive procurement, is a disciplined approach for infusing a diverse slate of suppliers into your supply chain. A supplier diversity practitioner is responsible for influencing colleagues to include diverse suppliers in bid opportunities without
The most misunderstood and overlooked segment of supplier diversity is Tier-2 spend. Even many established programs fail to embrace its potential or view this solely as a reporting exercise. And while universal agreement is that supplier diversity is a proactive
Supplier diversity is a relationship-based discipline: developing internal stakeholders who understand the value of diverse suppliers, as well as building relationships with qualified diverse suppliers. For many, finding those diverse suppliers can be a challenge. Supplier diversity programs depend on