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In simple terms, Supplier diversity, also known as vendor diversity or inclusive procurement, is a business strategy that assures a diverse supplier base in acquiring goods and services for any organization or company. It refers to establishing diverse supply chains...

What is that one overlooked aspect of supplier diversity programs? It is engaging employees in sourcing new suppliers.Many employees have links with local company owners in their localities, and leveraging these connections can enormously enhance the potential supply base. It...

The tech dynamics are changing every day. It is impacting every aspect of the business. Regarding logistics, it has undoubtedly undergone major technological advancements such as artificial intelligence and big data over the decade.In today’s world, diversity is becoming increasingly...

Supplier diversity is a business strategy involving and engaging with proactively seeking diverse vendors regarding ownership, management, and workforce. It can include women-owned, minority-owned, veteran-owned, and LGBTQ-owned businesses. Optimizing supplier diversity aims to create a more inclusive and equitable supply...

Recently, many businesses have modified their supplier diversity goals to include diverse suppliers in their supply chains. Businesses get diversity status if they are at least 51% owned and operated by a person or people in an under-represented group. It...

In today’s global marketplace, organizations recognize the importance of diversity and inclusion in their procurement processes. To achieve this, organizations must ensure that their approach is equitable and provides fair opportunity. It can be challenging, but with the help of...