Why businesses need supplier diversity programs

Understanding supplier diversity and its importance is the first step  toward building an effective supplier diversity program that can help  your business ecosystem grow.

As a business strategy, supplier diversity is a concentrated effort to  broaden a business’s supply chain through partnerships with a wide range  of companies.

What is supplier diversity?

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Set goals and benchmarks for diverse partnerships

Determine the metrics that you’ll be using to chart your success, such  as spend per quarter with diverse businesses or the savings made.

Continually review and identify possible diverse suppliers

Research companies in your industry, both suppliers and competitors, who  are considered diverse or work with diverse businesses.

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A crucial part of becoming a more socially responsible company is changing your company culture to reflect the inclusive values.

Build a diverse and inclusive company culture


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