Supplier diversity is an important part of doing business. But what exactly is supplier diversity, and how can you ensure that you’re doing it right? A supplier diversity consultant can make the process easy. In this article, we’ll explain what these individuals do- and why you should hire one.
What is Supplier Diversity?
Before we talk about consultants, let’s start with the basics. What is supplier diversity? Simply put, it’s the process of working with a variety of suppliers, some of whom are at least 51% owned by people who are usually underrepresented in business. These people might be women, veterans, those with disabilities, or those in the LGBTQ+ community. Small businesses and other under-used suppliers are also important for diversity.
Why Is Supplier Diversity So Important?
Supplier diversity is important for a variety of reasons. Firstly, diversity promotes innovation, inclusion, and equal opportunities. It’s also a great way to explore new suppliers and build important corporate relationships. Finally, adding diverse suppliers will help you support other businesses, which is especially important in today’s economic climate.
Do You Need To Hire a Consultant?
So you understand the importance of working with diverse suppliers. However, do you really need a supplier diversity consultant? Can’t you simply update your suppliers on your own? Of course, many businesses choose to go this route. However, a consultant can be a smart move for many companies.
Consultations can help your business find suppliers that you may not have been able to find on your own. Plus, they can help you find goals and strategies for using your new suppliers efficiently. Finally, consultations simply make the process easier. Instead of going through the hassle of finding new businesses to work with, outsource the job to someone who can help.
Talk to a Supplier Diversity Consultant Today!
Elevation HR is here to make your business thrive. From talent acquisition to HR outsourcing to consulting, our team does it all. Explore our website to learn more about our services. Ready to get started? Call us at 281-353-8847 or click the link above to book an appointment with us.