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Article: Supplier diversity: a hidden asset: when you think about diversity, what comes to mind? Increasing the diversity of your workforce? Making sure your marketing activities portray your full customer base? But there is one component of corporate diversity that is sometimes overlooked: supplier diversity. (Minorities & Emerging Markets).(minority business)
- Article from:
- Franchising World
- Article date:
- May 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 International Franchise Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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What is supplier diversity?
Simply put, supplier diversity programs endeavor to increase the number of minority-owned businesses that supply goods and services to our nation's corporations. Corporations spend billions of dollars every year purchasing goods and services from other, usually smaller, businesses. Without a concerted effort to make sure minority business enterprises (MBEs) are given a real opportunity to compete for these dollars, they, and the communities they represent, will continue to be marginalized or left behind.
The need for such programs has never been greater. As companies look for more and more ways to save time and money, many are ...