If you have spent a significant amount of time in the procurement landscape, especially public procurement, you are aware of supplier diversity efforts implemented to ensure that suppliers owned by minority groups are getting their fair share of business. These efforts seek to undo the historic underrepresentation that minority-owned businesses face. Supplier diversity in procurement
Why should companies track supplier diversity? Supplier diversity programs provide a lot of benefits for procurement departments. Tracking supplier diversity helps secure the benefits. Here’s what you need to know.