When companies attempt to define supplier diversity, they often think of it as merely working with a variety of different types of suppliers. But truly diverse suppliers are, in fact, part of traditionally underrepresented/underserved demographics — and when you form successful partnerships with them, they can bring immense untapped value to your business.
In this thought-provoking podcast, GEP senior consulting director Daryl Watkins and Miranda Burt reveal what actual supplier diversity is, why it matters, and how you can effectively implement its principles in your organization. You’ll learn how expanding your diverse supplier base can have a tremendous impact, increasing market share and driving substantial cost savings while also meeting today’s crucial corporate DEI goals.
What You’ll Hear:
- What successful supplier diversity should look like in an organization
- Key benefits companies can realize, such as increasing innovation, meeting customer expectations and retaining talent
- The implementation pitfalls and challenges to avoid
- Metrics for measuring internal and external success
