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What is Supplier Diversity?A creative and proactive approach Supplier Diversity takes creative and proactive steps toward ensuring equal opportunities for under-represented businesses, such as minority ethnic-owned, women-owned and disabled people-owned businesses, to bid for business (contracts and procurement opportunities) with the public and private sectors. It is important to be aware that Supplier Diversity does not guarantee work; it only provides equal opportunities to compete to under-represented businesses. Why is it relevant?By creating opportunities for a more diverse pool of suppliers, Supplier Diversity assists minority ethnic-owned, women-owned, disabled people-owned and other under-represented businesses in developing and growing their businesses. It also strengthens the overall economic growth and expansion of multinationals' and large public bodies' markets. By tapping the unique expertise of under-represented businesses, companies and organisations gain access to innovative ideas, a broader customer base and new avenues of opportunity. What it can achieveThe goal of Supplier Diversity is to build relationships with under-represented suppliers and encourage utilisation of these businesses where opportunities exist. Supplier Diversity ensures equal opportunities by facilitating, educating and advocating equality in procurement practices, and by increasing public and private sector involvement with under-represented businesses. Supplier Diversity also plays an important role in increasing the visibility of the economic participation and growth of minority ethnic-owned, women-owned, disabled people-owned and other under-represented business communities. Position StatementA Position Statement has been developed which will help guide the work of the Forum in the future, and also summarises the Forum's approach to an external audience. The Position Statement is available below. Downloadable filesPosition Statement (105kb) |
