Understanding the Benefits of Supplier Diversity and Inclusion have become increasingly important topics in today's business world. Companies are recognizing the value of creating a diverse and inclusive workplace, and many are taking steps to promote diversity in their supply chain as well.  

First let’s understand what diversity spend is and explore how it can help your business.  


What is Diversity Spend?  

Diversity spend refers to the amount of money a company spends on goods and services provided by diverse suppliers. These suppliers may be minority-owned, women-owned, veteran-owned, or LGBT-owned, among other diversity categories. By increasing diversity spending, companies can support underrepresented groups and promote economic growth in their communities.  

 

How can this help you? 

There are many benefits to utilizing Diversity Spend in business including access to a wider pool of suppliers. By promoting supplier diversity, companies can access a wider pool of suppliers with unique perspectives and capabilities. This can lead to greater innovation, improved product quality, and enhanced customer satisfaction.  

 Increased supplier diversity can also provide a competitive advantage. Companies that prioritize supplier diversity can differentiate themselves from competitors and attract customers who value diversity and inclusion. Promoting supplier diversity can also improve a company's reputation. Companies that prioritize diversity and inclusion are seen as socially responsible and are more attractive to potential employees and customers.  

 

Partner with Us   

Diversity spend is an essential part of any successful procurement strategy. Let us be your ally in success. By partnering with Gardner Resources Consulting, a NGLCC- certified LGBT Business Enterprise, you can leverage our extensive network of talent of professionals from diverse backgrounds and build your workforce.     

 

Interested to learn more about how to incorporate diversity and inclusion into your hiring plan, contact us today to learn more and become a future partner.