My strategic supplier diversity journey

Abstract

This paper is being shared from a practitioner’s perspective and is a refreshing lesson-learned illustration into the strategic value that comes with making a corporate commitment and investment into implementing a supplier diversity programme. It addresses the potential value proposition, as well as possible challenges. It is a committed focus in facilitating a win–win proposition for both your company and the communities in which your employees live and work, and that your company serves. This business decision is more far-reaching than just the act of providing reporting requirements to your customers. You will gain a greater appreciation and respect for the art of building and sustaining a programme with a holistic mindset. The paper addresses areas that support a strategic decision that not only emphasises executive leadership buy-in, but also buy-in from all your employees, as they will ultimately execute the diligence it takes to be successful. Moreover, you will learn that instituting and nurturing a supplier diversity programme comes with a competitive advantage for all parties engaged. It is an economic decision that should always make sense for your organisation as well as the suppliers you partner with, it is the big picture.