Do You Have a Supplier Diversity Program?

Expand supplier diversity initiatives in your procurement organization.

Supplier diversity initiatives remain an important area for procurement teams to focus on. 

In fact, most procurement organizations are already ahead of the curve and have started implementing supplier diversity programs as organizations move toward socially responsible practices.

57% of procurement leaders report they have a formal supplier diversity program. 

According to Gartner research, three out of four procurement leaders are planning a moderate or significant expansion of supplier diversity programs. However, some challenges hinder progress:

  • 55% of procurement leaders do not have specific goals/ MBOs for diverse sourcing
  • 40% of procurement leaders report that identifying qualified suppliers (either from a quality or volume capability perspective) is their biggest challenge

Download the infographic to learn how today’s procurement leaders are responding to supplier diversity pressures.

Download the infographic

Incorporate diverse suppliers in your procurement strategy.

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    Transform sourcing and procurement operations for greater value creation and innovation

    Sourcing and procurement organizations often face competing demands. The persistent need to optimize costs for company spend must be met while addressing supplier risk, innovation, stakeholder satisfaction and sustainable procurement goals. 

    Organizations that successfully build their teams’ capabilities and secure the technology investments to support them will:

    • Develop supplier risk processes to gain visibility and manage risk proactively
    • Reduce Scope 3 emissions and create more equity through supplier diversity
    • Build category strategies that optimize, and not just reduce, cost
    • Get more value out of the supply base, such as innovation and resilience

    Learn more about Gartner support for supply chain sourcing and procurement leaders.