In supplier diversity, most firms make attempts to connect the SMWBEs (small, minority, woman-owned business enterprises) they know of with the procurement opportunities they are aware of. There are many ifs and buts along that path, and even if there is a good fit with the supplier in question, the timing might be completely off. This area is well covered under standard strategic and even tactical sourcing processes. The main challenge for supplier diversity is to stay close enough and early enough to the activity to be effective. Even then, it is still an introspective approach, since the opportunity usually goes to already known vendors.
Advanced Supplier Diversity: Addressing The Real Legacy of Triumph [Plus+]
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