The recent call for equality and diversity and inclusion have forced many companies to review their diversity supplier programs. Large corporations have included a mission statement and a supplier diversity clause in their procurement guidelines and flow these guidelines down to their vendors. The flow-down practice has been effective in improving suppliers’ utilization of diverse subcontractors.
In the recent article “Integrating a Divided World Through Procurement,” Daryl Hammett and Jason Busch examined how companies determine the current state of their supplier diversity and sourcing plans. The authors questioned companies if they measure the economic impact of their supplier spending and whether their procurement team treats the diversity supplier program as a high-priority.