Leaders of Supplier Diversity

What are companies that are committed to diversity doing to strengthen ties with minority owned suppliers? How are they providing vendor support in this tough economy?

A focused approached to supplier diversity

• Broadening internally. In addition to involving more procurement professionals, the supplier diversity program need to partner with employee resource groups

• Developing suppliers. Implementing a supplier relationship management program aimed at expanding businesses.

"We understand that today’s minority owned business could be tomorrow’s major customer. Supplier diversity is a strategy that’s preparing us for the changing future."

- Tyra Paytes, Strategic Sourcing and Supplier Diversity Manager

The real value of supplier diversity extends beyond the reduction in purchasing costs. As companies think about the future of their supply chains, procuring from diverse suppliers has become more of an economic necessity than ever.