Supplier diversity or diversity in contracting are programs that can be either mandatory (i.e., requirement to fulfill state or federal contracts) or voluntary (i.e., procurement/social responsibility strategy). In this workshop, we will discuss both instances and review their benefits (e.g., competitive advantage, cost savings, supply chain excellence, etc.) and consequences of non-compliance (e.g., penalties, public and community relations, etc.). Finally, we will outline actionable items for the first 90 days of starting a supplier diversity program.

• What is supplier diversity or diversity in contracting
• How to use such program for competitive advantage in the marketplace
• Examples of diverse suppliers’ contribution to a supply chain
• Actionable items to launch a supplier diversity program in your organization

 

Contributors: California Water Service
Categories: 2018 Spring - Washington DC, Summit Presentations
SRC Type: Risk Management, Sourcing Management, Third Party Management