Supplier Diversity Consultants Can Play A Major Role To Your Bottom Line
Supplier Diversity policy is to identify and actively develop diverse businesses, including vendors, contractors, and consultants, as sources for purchasing goods and services.
Paragon Results have been interested in diversity in supply chains and how it can support business growth and widen the availability of products and services for many years from a consumer perspective.
Across all industries, multiple studies and statistics show that embracing supplier diversity consultants not only benefits you as the owner of these diverse businesses but plainly indicates a big difference in your brand reputation and your bottom line.
We encourage the use of minority-owned, women owned, veteran owned, LGBT-owned, service disabled veteran owned, historically underutilized business, and Small Business Administration-defined small business concerns as suppliers.
At the heart of it....it's our people. We are made up of a diverse group of people who care about what they do.
Having a diverse supplier base enables a company to serve its consumers to the fullest extent possible. Companies that combine supplier diversity consultant with their best-in-class diversity and inclusion programs have a competitive advantage, win new business, retain customers, and reinforce their brand around the world. Smaller to mid-sized companies are already joining sourcing and procurement associations & consultants to expand their supplier reach and to identify businesses to engage with. With this association we assist in gathering data, which supports making supplier selection and reporting more manageable. Aside from these moral and ethical arguments, there are sound commercial reasons for partnering with supplier diversity consultants.
We believe diversity is a journey, not an event. Individuals learn to be more self-aware as new information about blind spots is discussed and coached. You grow over time to learn new diversity, inclusion, equity, and belonging skills and these processes are embedded into the enterprise. A new and improved culture evolves and creates sustainable company value for all stakeholders.
Provide the on-demand resources and expertise to support companies in refining an existing program, or begin a new diversity spend program. We understand the complexities of diversity spend across industries and regulatory environments, and can help you make the best decisions around governance, roles and responsibilities, process, and technology to unlock Diverse Supplier Value.
Are you looking to understand what sustainable profit means for their organizations? Supplier diversity consultants like us can play a major role.
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