Supplier Diversity – What Certifying Organizations & Corporations Should Be Doing [Plus+]
Developing capable suppliers of any kind is one of the tasks assigned to procurement. And in regards to finding and working with suppliers who are SMWBEs (Small, Minority, Woman Owned Business Enterprises), that chore falls on the supplier diversity team, assuming there is one. Supporting SMWBEs and corporate supplier diversity professionals is what many diversity-focused advocacy organizations do. There are many of them out there. In addition to the “big” names like NMSDC, WBENC, WBOC, MBDA, SBA, and ISM, there are several hundred others, although most are fairly tiny and only active locally (such as city-owned utilities). There are two big questions to address regarding their work – how is this work carried out, and why is it relevant to companies and their procurement organizations?