A successful supplier diversity program relies on having a pool of eligible diverse suppliers across all categories. However, finding the right supplier can be challenging. Learn effective ways to spend less time searching for diverse suppliers and more time engaging with them.
- Identify spend categories with the largest potential for diversity spend growth
- Map the most productive methods and mindsets for supplier engagement
- Learn new ways to identify, collaborate, and engage suppliers according to your needs
You need programs with continuous mentoring that make clear your aim is not to reinvent the wheel but instead match a movement that’s already built. Understanding the procurement process, building capacity, and helping in scalability are only a few important aspects that require clarification to meet supplier diversity objectives.
- Overcome outreach hurdles with effective end-reach strategies
- Debunk misconceptions and implement entirely different cultures
- Comprehend procurement processes and smooth out relationships
Healthcare providers are impacting outcomes through unique programs that leverage diverse suppliers and communities. The multiplier effect of engaging diverse suppliers and communities is driving better healthcare outcomes, strengthening local economies, and developing a more robust ecosystem for the entire healthcare industry.
- Develop a stronger and more reliable supplier diversity ecosystem
- Hear unique approaches to address healthcare delivery holistically
- Implement strategies that increase place-based investing and local purchasing
One of the main issues when addressing supplier diversity is that not everyone recognizes its true importance. A key burden your initiatives must overcome is the stereotype that diverse and small suppliers aren’t able to compete.
- Develop a tailored pitch that clearly explains the benefits to all teams
- Consider non-traditional sources of business and demonstrate value
- Achieve greater alignment with corporate goals and diverse supplier initiatives
Companies that operate vibrant and successful supplier diversity programs have something in common: they constantly are beating the bushes to find qualified diverse suppliers. Hear how to develop and manage a diverse supplier program that aims to build capacity and capabilities of business owners.
- Explore cross collaboration methods across departments
- Drive business outcomes within your organization
- Aim for greater economic impact and development
While working to identify and partner with best-in-class diverse suppliers, you must also offer opportunities that support small and diverse suppliers' own growth and development. How compellingly can you convince them that your organizational goals also include their success? Learn how to leverage multiple sources of talent wherever that talent is found.
- Explore procurement strategies to engage with suppliers
- Communicate the value of supplier diversity, both internally and externally
- Ensure business opportunities for minority and women-owned suppliers and other small and diverse businesses
During the pandemic’s supply chain disruptions, procurement teams have urgently needed to adapt. Now with ever-increasing opportunities to build sustainable partnerships, you must confront the essential challenge of mindset change outside procurement and throughout your entire organization. What can procurement leaders do to expand, grow, and further strengthen relationships with stakeholders?
- Discuss how procurement can influence and lead stakeholders to acceptance
- Formulate different skill sets and needs to overcome barriers
- Review procurement contributions beyond savings and supply
The ‘2022 State of Supplier Diversity Report’ revealed that the percentage of respondents with formal development programs fell from 35% in 2017 to 21% this year – and companies with either formal or informal programs plunged from 59% to 48%. Is this an actual trend or just a statistical anomaly?
- What’s next in an era of continuous improvement?
- Drive even more robust and sustainable economic growth
- Discover diverse formal to informal supplier development initiatives
- Push corporate supplier diversity programs beyond spend metrics
With hundreds of thousands of diverse suppliers operating outside the U.S., the opportunity to expand and evolve your supplier diversity program is not only real, but also a necessity. But, where do you get started in implementing a global supplier diversity program?
- Hear best practices for going global
- Learn why a global program is a necessity
- Methodologies to expand your program on a global scale
Diverse supplier is important across the world and is a driver of economic expansion and growth for millions of women, minority, and small businesses everywhere. Hear how to effectively approach diverse suppliers and confidently execute supplier diversity globally.
- Track spending and measure economic impact in various countries
- Hear how to identify, verify and assess foreign suppliers
- Explore methods to globally manage Tier 2 programs
According to ‘supplier.io’, out of diverse suppliers that are not currently certified, 35% don’t know how to get certified; 32% didn’t know they could, and 60% of mature businesses didn’t know they could be certified. However, with 40% of supplier diversity programs being less than 3 years old, a significant opportunity exists to learn about performance, innovation, and how a supplier diversity program can create maximum value.
- Leverage today’s unique circumstances and overcome supplier diversity challenges
- Scale diverse suppliers to take on new opportunities and challenges
- Offer the pledge of expanded reach and increased market share with supplier diversity
