Title: Supplier Diversity Program Management Software in the US
1Supplier Diversity Program
2What Is a Supplier Diversity Program?
A Supplier Diversity Program is a business
program that encourages the use
of minority-owned businesses as suppliers within
an organizations supply chain. Minority
3Minority-owned includes black and minority
ethnic business ownership, women-owned, veteran-ow
ned, LGBT-owned, service-disabled veteran-owned,
historically underutilized business, and Small
Business Administration (SBA).
4The Supplier Diversity Program was introduced in
the United States in the 1960s. It was started by
former President Richard Nixon in 1969 through an
executive order.
5- A Supplier Diversity Commitment benefits a
company because it - It promotes innovation through the introduction
of new products, services, and solutions. - It provides multiple channels from which to
procure goods and services - It drives competition (on price and service
levels) between the companys existing and
potential vendors - Allows a company to take advantage of new
opportunities for business expansion with the
emergence of new consumer needs based upon
shifting demographic realities
6DivedIn Tier 2 powered by LOCOMeX Inc. is a
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spend.
7Thank You