Implementing Supplier Diversity

This book provides an in-depth view of supplier diversity programs and how they have contributed to the meteoric rise of minority businesses. Incorporating expert advice from supplier diversity practitioners as well as empirical data, it looks at the emergence of supplier diversity programs, how to make them effective, and their future.Supplier diversity ensures an open and inclusive competition for contracts during the procurement process, and the use of vendors of different backgrounds fosters a better understanding of a diverse customer base. Over the last decade the number of minority-owned firms in the US has increased 38 per cent. As the number of minority entrepreneurs continues to rise, these business owners have recognized the need for B2B opportunities, and supplier diversity programs that create the fastest path to scale and grow a small business.Porter highlights the history and impact of these programs as sources of business education as well aspipeline development for minority and women entrepreneurs. Finally, readers interested in levelling the playing field in business have a go-to source.

First book to explore supplier diversity

1. Supplier Diversity Programs in the Public Sector.- 2. Supplier Diversity Programs in the Private Sector - Corporations.- 3. Impact of Supplier Diversity on Startup Activity and Small Business Growth.- 4. The State of Diverse Suppliers.- 5. Foundations for a Supplier Diversity Program.- 6. Best Practices for a Successful Supplier Diversity Program.- 7. Common Mistakes in Design and Implementation.- 8. Certifications and Other Tactics to Help Small Firms Leverage, Differentiate and Win.- 9. Community Engagement: Partnerships and M.O.D.E. (Mentorship, Outreach, Development and Education).- 10. Benchmarking, Quantifying and Reporting: Measuring Success.- 11. The "New" Business Case.- 12. From Social Issue to Business and Economic Imperative: The Impact of Changing Demographics.- 13. The State of Supplier Diversity Programs.- 14. Supplier Diversity Program Resources: For Practitioners and Entrepreneurs.- 15.Conclusion: The "Next" Supplier Diversity Disruption - Supplier Inclusion.