Supplier Diversity
Give a boost to your Supplier Diversity program.
What is Supplier Diversity?
A diverse supplier is a business that is at least 51% owned and operated by an individual or group that is part of a traditionally underrepresented or underserved group. Common classifications are minority-owned enterprises (MBEs), women-owned enterprises (WBEs) and small-business enterprises(SBEs). Over time, the definition of diversity has expanded to include businesses owned by other minority groups such as LGBTQ and proprietors with disabilities.
Why is it important for your business?
Putting in place a Supplier Diversity program will first and foremost showcase your company’s high moral and ethical standards, but it will also allow your company to:
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Access to new suppliers, innovative solutions and cost savings through increased competition;
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Anticipate diverse customers’ needs, increase market share and shareholder value;
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Recruit and retain talent seeking work that has an impact;
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Increase brand awareness and visibility;
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Support local communities and economies where your company does business, buys from and operates.
Start a Supplier Diversity Initiative
Your company understands the value of Supplier Diversity and wants to launch a Supplier Diversity program. Here are ways we can help kickstart this initiative:
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Define Supplier Diversity program KPIs and reporting tools
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Identify diversity categories that suit your company and geography
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Get introduced to the relevant certification bodies
Unlock the Potential of Your Existing Supply Base
Your company recently put in place a Supplier Diversity program in your country/region. Here are ways we can support:
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Run and manage complete supplier outreach program
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Identify existing and potential diverse suppliers in your current supply base
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Support vendors and client during the vendors' certification process
Identify New Diverse Suppliers Who Suit Your Needs
We can help you identify the right diverse vendors for your organization by:
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Sourcing new diverse vendors to achieve supplier diversity goals.
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Managing call for tenders.
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Helping during the qualification of new diverse vendors
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Managing new vendor onboarding & registration
Put in Place a Supplier Development Program
Go the extra mile and let us help you make your company attractive to diverse suppliers by:
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Adapting and streamlining your current RFI & RFQ Process
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Adapting your contract requirement to smaller suppliers
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Putting in a place a Supplier development program