How the Construction Industry is Putting Supplier Diversity at the Forefront

When organizations deliberately choose to source their goods and services from diverse vendors, and local or small businesses, there are bottom-line advantages and social benefits that help the wider community. Business leaders often hear about these and other benefits of a supplier diversity strategy, but change is hard when faced with long-standing relationships, easy reordering, and a daunting to-do list.

The last thing procurement managers want to do is revamp an existing supply chain or familiar procurement process. But still, they might wonder:

• What is supplier diversity?
• Why is supplier diversity important?
• Can supplier diversity help my business?

We answer these questions in our latest guidebook, plus share how to start a supplier diversity program, where business leaders can find diverse vendors, and tips for a successful program. We also talk to leaders in the construction industry who have used supplier diversity to grow their businesses.