Diversity may sometimes be seen as a buzzword thrown around to impress clients. The truth is, when done correctly, supplier diversity can increase your profits and improve the overall health of your business. It does, indeed, make for a selling point with your customers. But it also brings many other benefits to your business. Supplier diversity expands your supply chain, promotes innovation, drives competition, and displays a commitment to your entire community.
Top 3 Supplier Diversity Best Practices
1) Seek out proven suppliers who happen to be diverse.
2) Kick-start diverse supplier innovation roundtables to discover innovation.
3) Consider second-tier spending.
Let our team show you how to drive D&I Through Metrics and Accountability