How diverse is your supply base? It\u2019s an important question because, as we\u2019ll see in this article, there are significant business advantages to working with diversity suppliers.<\/p>\n\n\n\n
But what exactly is a diversity supplier? It is any business that is (at least) 51% owned and operated by a group or individual that\u2019s part of an underrepresented section of society. That\u2019s a pretty wordy definition, but essentially, we\u2019re talking about minority-owned and women-owned enterprises, as well as LGBTQIA-owned, disability-owned and veteran-owned business enterprises.<\/p>\n\n\n\n
Here are five compelling reasons to bring more diversity into your supply base.<\/p>\n\n\n\n
1. It demonstrates your company\u2019s commitment to diversity \u2013 and your interest in working in diverse markets. Basically, it signals that your company is striving to be more inclusive.<\/p>\n\n\n\n
2. It promotes innovation and creativity. Working with diverse suppliers allows your business to tap into new perspectives and mindsets. Diversity of thought, to put it another way. What\u2019s more, because diversity suppliers often tend to be smaller organizations, they\u2019re well placed to innovate, adapt to market changes, and stay agile.<\/p>\n\n\n\n
3. It will boost your company\u2019s resilience. Because diverse suppliers are so agile and responsive, they can bring more flexibility to your supply chain \u2013 which is increasingly important in these, let\u2019s say, changeable times. If that wasn\u2019t enough, having multiple procurement options can help you improve the quality of your goods and services, and reduce costs.<\/p>\n\n\n\n
4. It will make your company more attractive to candidates. Nearly 80% of people want to work for a company that values diversity, equity, and inclusion. And you can\u2019t have a robust DEI program without considering supplier diversity. Interestingly, the same survey also found that employees who were happy with their employer\u2019s DEI efforts were happier in their jobs overall. Win-win, then.<\/p>\n\n\n\n
5. It\u2019s the right thing to do. Clearly, there are commercial advantages to working with diversity suppliers. But more importantly, every organization has a moral and ethical obligation to do what\u2019s right. Championing diversity suppliers is part of that.<\/p>\n\n\n\n
Given the many advantages, why wouldn\u2019t you want to work with diversity suppliers? One great way to broaden your supply base is to work with a talent business partner that\u2019s also a diversity business. As a women-owned enterprise, certified by WBE Canada, Expertis Solutions is on a mission to connect organizations with expert IT talent. Let\u2019s make IT happen and bring more diversity to your supply chain!<\/p>\n\n\n\n
_______________________<\/p>\n\n\n\n
Source: https:\/\/www.cnbc.com\/2021\/04\/30\/diversity-equity-and-inclusion-are-important-to-workers-survey-shows.html<\/p>\n","protected":false},"excerpt":{"rendered":"
How diverse is your supply base? It\u2019s an important question because, as we\u2019ll see in this article, there are significant business advantages to working with diversity suppliers. But what exactly is a diversity supplier? It is any business that is (at least) 51% owned and operated by a group or individual that\u2019s part of an […]<\/p>\n","protected":false},"author":2,"featured_media":2893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[134,132],"class_list":["post-2892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-diversity","tag-diversity-suppliers"],"acf":[],"_links":{"self":[{"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/posts\/2892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/comments?post=2892"}],"version-history":[{"count":0,"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/posts\/2892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/media\/2893"}],"wp:attachment":[{"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/media?parent=2892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/categories?post=2892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/expertissolutions.com\/en\/wp-json\/wp\/v2\/tags?post=2892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}