Our company has an open purchasing process. Why do we need a special effort targeting women and minority-owned businesses?
Your Minority-Owned Supplier Strategy efforts, along with your company’s individual business case for Supplier Diversity, should align with your organization’s mission, vision, values, and ultimately endeavor to create new value for at least one of your current stakeholder groups. For example, if your organization is in the retail industry, do women and minorities shop there? Would you like for them to? Then it may make sense to employ women and/or minorities as suppliers to demonstrate to that stakeholder community that your organization is committed to providing opportunities for historically underserved communities. Also see the Business Case for Supplier Diversity.
Related Questions
- Are there special advantages to teaming for businesses with special certifications (HUBZone-, 8(a)-, women-, veteran, disabled veteran- and minority-owned businesses)?
- Our company has an open purchasing process. Why do we need a special effort targeting women and minority-owned businesses?
- DOES THE GOVERNMENT PROVIDE SPECIAL ASSISTANCE FOR MINORITY-OWNED BUSINESSES?
