Supplier Diversity is a catchphrase many companies use to describe an aspect of their procurement policy…but what exactly does Supplier Diversity mean, and how can it help you to grow your business? In general, a supplier diversity program within a company encourages (or mandates) that company or organization to purchase a portion of their supplies from minority or women-owned businesses.
Although the US has long been on this band wagon, it is relatively new in Canada. A question you might have is, how does a purchaser know if a supplier is actually a diverse supplier? Does anyone regulate this? The answer, of course, is yes!
What agency certifies Women Business Enterprises?