Supplier diversity is a concept that is already well developed in the US and is now gaining importance in Europe as an integral part of company and organisational approaches to diversity.
It is concerned with equality in the area of procurement and buying services so that any supplier or potential supplier has the free and fair opportunity to compete for business, based on their own merits.
| By broadening the diversity of their supply base, companies can gain access to new ideas, increase competition, and widen their candidate pool. It also helps align supply chains and products and services with an increasingly diverse market of customers and clients.
There are also social benefits and implications for company programmes supporting corporate social responsibility (CSR). Supplier diversity for example can help regenerate communities and encourage new entrepreneurs. | In short supplier diversity makes good business sense and also has significant social benefits.
Find out more in these documents below:
• Ten things you need to know about supplier diversity (pdf)
• Who We Are And What We Do (pdf). |
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