In essence, Supplier Diversity programs were created to give minorities an opportunity to secure contracts with government agencies, major companies and corporations as qualified small business owners. This has come about as a reaction to minority and women owned businesses being classified as under-utilized small business owners in order to promote balance and diversity for participating organizations.
In the United States, the Supplier Diversity program was conceptualized in 1953 along with the establishment of the Small Business Administration. The federal government’s efforts to create opportunities for often underrepresented small businesses was a natural segway into providing those same opportunities for minority groups, such as women-owned businesses.
005 Supplier Diversity
How Consumer Demand For Transparency Has Helped Unlock the Many Benefits of Supplier Diversity
The term “supplier diversity” has gained a great deal of attention in recent years and for good reason. A strong supply chain is a well balanced supply chain and that comes from inclusion and diversity. Thus, it’s important to shed light on what supplier diversity is and why it’s so valuable.
010 Artificial Intelligence & Automation
Overcoming Artificial Intelligence Obstacles in the Supply Chain
Artificial intelligence (AI) is playing a growing role in the supply chain, yet, in order for it to be utilized to its fullest, there are several factors worth considering. AI has been talked about as a game changer in the realm of supply chain for a long time now. In recent years, its potential has finally started to be […]
002 Supply Chain
Supply Chain Management: The Key Factors Shaping it Today – Part 2
Supply chain management has undergone significant change in recent times due numerous external pressures—these are 4 more key elements shaping it today. When there are dramatic changes in the supply chain, there has to be an equally robust response. That is the challenge supply chain management has had to face over the past year and in recent […]
THE DIFFERENCE SUPPLIER DIVERSITY MAKES IN CUSTOMER SERVICE
Our pillars are built on the foundation of taking the chaos out of the complexities in your logistics and supply chain challenges. That’s why our approach to finding the lowest total cost, while prioritizing the relationships between our clients and suppliers, have paved the pillars of our success from origin to destination.