One of the things that has driven procurement teams’ success to this point is their ability to operationalize business objectives. They take a goal—such as lowering costs or increasing supplier service levels—and put processes, agreements, and reporting frameworks in place to drive the desired results.

Are you new to supplier diversity and wondering what it all means? Are you looking for validation that supplier diversity is important and adds value to your company? You can find the basics right here. Then, you can dig deeper on our blog or with our videos, white papers, and e-books.

Companies that have a formal supplier diversity program want others to know about it for multiple reasons. Consumers and shareholders want the companies they buy from and work for to share their social values. This is most demonstrably achieved by investing in a diverse workforce and a diverse supply base.