This book provides an in-depth view of supplier diversity programs and how they have contributed to the meteoric rise of minority businesses. Incorporating expert advice from supplier diversity practitioners as well as empirical data, it looks at the emergence of supplier diversity programs, how to make them effective, and their future. Supplier diversity ensures an open and inclusive competition for contracts during the procurement process, and the use of vendors of different backgrounds fosters a better understanding of a diverse customer base. Over the last decade the number of minority-owned firms in the US has increased 38 per cent. As the number of minority entrepreneurs continues to rise, these business owners have recognized the need for B2B opportunities, and supplier diversity programs that create the fastest path to scale and grow a small business. Porter highlights the history and impact of these programs as sources of business education as well as pipeline development for minority and women entrepreneurs. Finally, readers interested in levelling the playing field in business have a go-to source.

Extend the principles of diversity and inclusion to your company's suppliers Many people are familiar with the importance of ensuring and advancing inclusion, equity, and diversity amongst their employees and managers. But do your efforts include supplier diversity—an equally as important and essential part of any holistic diversity effort? In Supplier Diversity For Dummies, nationally recognized small business strategist and economic inclusion and supplier diversity expert Kathey Porter delivers an empowering and informative guide to implementing this integral part of any robust inclusion initiative: supplier diversity. You'll understand the relevance of supplier diversity and why it's important to encourage equal opportunity for diverse suppliers and businesses owned and managed by underrepresented groups. In this book, you'll also find: The answers to your most pressing questions about how to build a coherent and sustainable supplier diversity program Ways to contribute more fully to your company's diversity and inclusion functions Strategies to position supplier diversity as a central function in your organization Perfect for company buyers, purchasing and procurement professionals, material management executives, strategic souring professionals and supplier diversity practitioners, Supplier Diversity For Dummies is a must-read resource for supply chain professionals, diversity and inclusion leaders and anyone looking to increase their proficiency in supplier diversity, improve supply chain inclusivity and increase their social impact.

There is no greater time to be in business than right now for an Aboriginal person. Demand for Indigenous Business is increasing thanks to the introduction of Commonwealth and state Indigenous Procurement Policies (IPP). Kristal Kinsela-Christie, Managing Director of IPS Management Consultants, lives and breathes supplier diversity every day.In this book she shares what she has learned over many years as a stakeholder in the Indigenous Business ecosystem, working directly with Indigenous business owners and consulting with government and corporate clients.Supplier Diversity How lays out invaluable strategies to support government and corporate buyers in procuring Indigenous business, and supporting in their turn a prosperous Indigenous business sector.

Unlocking Competitive Advantage Through Supplier Diversity For nearly forty years, the concept of supplier diversity has been a transformative element in the world of business, profoundly influencing its dynamics. It represents a strategic asset that numerous organizations have adeptly utilized to their advantage, while others are still navigating the complexities of its successful deployment. Perhaps your company has already adopted various strategies in its operations, but have you considered the impact of supplier diversity in your supply chain? Regardless of your organization's size, whether it's a small office or a large team, the origins of your procured products matter. Embracing a diverse range of suppliers is not just beneficial for your business; it also significantly contributes to the welfare of the local community. This approach to supplier diversity is not merely a procurement tactic, but a strategic business decision that fosters inclusive growth and community empowerment. In Diversify & Prosper, Jean Kristensen walks you through the process of establishing your own supplier diversity program, from the very grassroots research needed at the beginning of the process, to how to keep things flowing smoothly once the ball is rolling. She does so using examples from her own experience as both a consultant for supplier diversity programs as well as over 30 years working in the industry. By the time you're done, you will have a solid blueprint for how to succeed with a program that can keep your business running smoothly for years.

For over fifty years, proponents of supplier diversity have discussed the positive effect on revenue that comes from using underrepresented suppliers. The problem lies in proving such assertions. For far too long, contracting with businesses owned by women, minorities, and those identifying as LGBTQ has been viewed as a "feel-good" act of corporate citizenship-one that rarely survives the next economic downturn. Hacking Supplier Diversity represents the first time the myriad benefits of a diverse supply chain have been thoroughly detailed and documented. Diversity and Inclusion expert Scott A. Vowels, PhD, redefines supplier diversity, focusing on three core issues: The economic impact of diverse suppliers The ways in which a robust supplier diversity program is a revenue enabler The formula for calculating the return on investment of a supplier diversity program A comprehensive and informative read, Hacking Supplier Diversity does for supplier diversity what Jim Collins' Good to Great and Built to Last did for how companies do business. Utilizing a keen sense of humor and expert storytelling, Vowels makes a definitive argument for supplier diversity as a business imperative.

The social and political changes of this era have created a climate change and fundamental shift in how businesses view the impact of diversity, equity, inclusion, and belonging (DEIB) in the workplace. It is essential to understand how leaders make significant, sustainable changes utilizing communication abilities, envisioning, conflict management skills, and innovative DEIB initiatives. However, leaders must be careful not to rely on anecdotal evidence as it does not always reflect DEIB realities. Implementing Diversity, Equity, Inclusion, and Belonging Management in Organizational Change Initiatives analyzes how leaders implement DEIB organizational change initiatives. It provides an interdisciplinary perspective of how issues and challenges pertaining to DEIB management affect organization performance. Covering topics such as inclusive organizational identity, socio-intercultural entrepreneurship, and supplier diversity programs, this book is an indispensable resource for business leaders, managers, entrepreneurs, academic administration, students and educators of higher education, government officials, researchers, and academicians.

The Missing Business Strategy Most agree that options, choices, diversity are a good thing. No financial advisor ever suggested a portfolio of a single stock. We all love having 31 flavors to select from at the ice cream counter. So why is it so hard to see that a diverse supply chain is a necessary business strategy? The connection between diversity and profitability has been shown time and again. Research from McKinsey, Deloitte, and Harvard Business Review show that with diversity, companies make more money. Yet, many struggle to build the business case at their companies. Jamie Crump spent 25+ years in corporate supply chain and supplier diversity. She is a thought leader in both areas and unveils best practices for developing and executing a supplier diversity business strategy in "Backstage Pass: Pulling the Curtain Back on the Business of Supplier Diversity." Crump provides a backstage look at the five primary cast members: C-suite, supplier diversity professional, supply chain professional, diverse business owner and end user. She shows what each brings to the table, their challenges, blind spots and best practices. She then delves into how the cast members can best interact to execute a business strategy that will help recruit and retain talent, keep and win customers, and add money to the bottom line. Her comprehensive six-step model offers a blueprint for success, from how to gain executive support to practical tips on creating new diverse supplier relationships. Crump shows that a supplier diversity business strategy is as basic as sound financials and a good marketing strategy. Whether your organization is B2B, B2C or a combination, if supplier diversity is a missing business strategy at your company, you are leaving money on the table. Find out how to get it back.