Supplier Diversity
Statistics show that companies who embrace diversity are more profitable than companies who don’t.
Supplier Diversity is…
A business strategy that encourages the use of diverse suppliers in the procurement of goods and services for any business or organization.
Emphasizes the creation of a diverse supply chain that ensures the inclusion of diverse groups in the procurement plans for government, not-for-profits, and private industry.
Typically part of the purchasing department in government agencies and corporations. Their mission is to make sure that their organization meets its goal in buying goods and services from small and diverse businesses.
Our Diversity Certifications…
SupCat is a minority woman owned business and is certified with the following diverse business designations:
Women’s Business Enterprise
Disadvantaged Business Enterprise
Minority Business Enterprise
Small Business Enterprise
Our Diversity Journey…
As we attended our first WEConnect International conference a few years ago, we were profoundly changed by understanding how diverse Suppliers not only impact Buying Organizations and their supply chains, but the critical role diverse Suppliers can play in enabling commerce to lift communities out of social and economic hardships. We hadn’t looked at supplier diversity from this perspective before and it was life-changing. So, we made a commitment to act with intention from a company and social responsibility perspective and affect real change.
Whether we are working with Clients and their Suppliers, Suppliers directly, Solution Providers or Partners, we seek to find ways to elevate the conversation around diversity and inclusion and ask pointed questions; Do you have a Supplier Diversity program? Does your business qualify as a diverse business? Does your solution provide Suppliers with the ability to showcase their diversity certifications? Do you know what opportunities are available for you to showcase the goods or services you provide?
Resources…
WEConnect International is a global network that connects women-owned businesses to qualified buyers around the world. The Organization identifies, educates, registers, and certifies women’s business enterprises based outside of the U.S. that are at least 51% owned, as well as managed and controlled by one or more women, and then connects them with multinational corporate buyers.
The Women’s Business Enterprise National Council (WBENC) is the largest certifier of women-owned businesses in the U.S. and a leading advocate for women business owners and entrepreneurs.
The National Minority Supplier Development Council Inc ® (NMSDC®) is one of the country’s leading corporate membership organizations. Whether you’re a small minority-owned organization or a billion dollar powerhouse, we’re committed to helping you solve the growing need for supplier diversity.
The U.S. Small Business Administration helps Americans start, build, and grow businesses. It was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.
The Billion Dollar Roundtable was created in 2001 to recognize and celebrate corporations that achieved spending of at least $1 billion with minority and woman-owned suppliers. The BDR encourages corporate entities to continue growing their supplier diversity programs by increasing commitment and spending levels each year.
MBDA is an agency of the U.S. Department of Commerce that promotes the growth of minority-owned businesses through the mobilization and advancement of public and private sector programs, policy, and research.
ConnXus, a supplier management solutions provider, is on a mission to be the go-to connector between corporate buyers and suppliers. They make it simple and easy for them to do business with one another. ConnXus solutions simplify the complexities of global supply chains and allow buyers to achieve their goals of responsible and sustainable sourcing. Please contact Jennifer O’Neal Harris (jennifer@connxus.com) for more information or to schedule a demo.
The National LGBT Chamber of Commerce (NGLCC), the business voice of the LGBT community, is the only national advocacy organization dedicated to expanding economic opportunities for the LGBT business community.