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Supplier Diversity Affidavit Please Print or Type Company Name Contact Name Address Contact Title Suite/P O Box City, State ZIP Phone Website (url ) Email IMPORTANT NOTICE Should you have questions about your firm's status as a diverse business enterprise, you may wish to review the definitions for the categories below in the Federal Acquisition Regulation 19.7 or 52.219-8 (http://www.acquisition.gov/far/). If you have difficulty ascertaining your size status, please refer to SBA s web.
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Remedies FAQ
Establish a Business Case and Get Executive Support. Supplier Diversity Starts From Within. ... Create a Policy & Identify Diverse Suppliers. ... Invest in your Supplier Diversity Program. ... Establish Goals and Best Practice. ... Keep an Eye on Performance. ... 5 Things to Tackle First in your Supplier Diversity Strategy.
What is a Supplier Diversity Program? Step 1: Build a business case for supplier diversity. ... Step 2: Create a diversity policy and identify diverse suppliers. ... Step 3: Invest and nurture your program. ... Step 4: Establish goals and best practices. ... Step 5: Monitor Performance and Build a Feedback Loop.
Supplier diversity is a business strategy of incorporating diverse-owned businesses, suppliers and vendors into a company's supply chain and business practices.
Supplier diversity widens supplier pools, creating competition among diverse businesses and other businesses competing for opportunities with purchasing organizations. This uptick in competition can increase the quality of goods and services available to purchasing organizations while lowering procurement costs.
Supplier diversity certification is a process of verifying the ownership, control, and management of businesses that are owned by underrepresented groups.
Mission. To first identify diverse or underrepresented (i.e. small, minority, women, veteran, LGBTQ+, and persons with disabilities) businesses as strategic suppliers and provide development, sustainability, and economic opportunities.
A diverse supplier is a business owned and operated at least 51 percent by an individual or group that is part of a traditionally underrepresented or underserved group.
There are many examples of successful supplier diversity programs across different sectors and regions. For instance, IBM has a global supplier diversity program that aims to increase the participation of women-owned, minority-owned, LGBT-owned, and other diverse suppliers in its supply chain.
Definitions Related content
Supplier Diversity Program
Our program monitors supplier diversity in procurement by utilities and covered entities...
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