Engaging Nontraditional Minority Suppliers: Prudential
Prudential provides meaningful opportunities for diverse suppliers to compete for its business. Prudential embraces diversity and inclusion and sees it as inextricably linked to achieving our aspirations: To be a people leader, business leader, and most admired company. Vendor diversity is a key initiative for the company. The underlying... Read more
As a company that strives to be a place where people can succeed because of their differences, and one with sourcing needs on a wide range of goods and services, The Hartford’s Supplier Diversity program is focused on fostering an open and competitive sourcing environment for all suppliers, regardless... Read more
KPMG’s Supplier Diversity program has enabled the company to more than double its expenditures with diverse businesses in a few short years. By David HW Turner, Chief Financial Officer    In today’s competitive market, having a diverse supply chain is critical to success. From a business standpoint, sourcing the... Read more

Supplier diversity is a key element of London 2012’s commitment to diversity. In 2008, Britain’s Equality and Human Rights Commission (EHRC) explored procurement policies and practices in the London boroughs hosting the games. The EHRC concluded that significant attempts have been made to improve supplier diversity, but only a small number had actually won contracts. Since then, the London Organising Committee of the Olympic Games (LOCOG) issued a Diversity and Inclusion Business Charter to state its goals of supplier diversity at the games.

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Many large corporations are challenged with raising awareness about supplier diversity throughout all levels of the business.

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One of the first measures companies take when identifying efficiencies, streamlining operations and reducing costs, is to consolidate supply chain/procurement vendors. For better or for worse, this practice tends to favor large-scale suppliers who can usually offer more goods and services for less.

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by Sherri Macko Manager, Diversified Supplier Program American Airlines How are your buyers engaged in your Supplier Diversity program? Commodity Managers actively participate in M/WBE events to identify potential M/WBE suppliers, and they actively engage these suppliers in bid opportunities. M/WBE suppliers are part of their Value Strategy for... Read more