No matter the size of your organization or your industry, partnering with a diverse supplier will strengthen your business. Read our 7 tips for partnering with a diverse supplier from other industry experts.
noun | com·pe·ti·tion | ˌkäm-pə-ˈti-shən
: the effort of two or more parties acting independently to secure
the business of a third party by offering the most favorable terms
: the act or process of trying to get or win something that
someone else is also trying to get or win
It’s a basic law of business
that competition drives
down cost and increases
quality. If there are more
suppliers competing for your
contracts, the price you pay
will go down. Likewise,
quality of service or
products should improve.
Rod Robinson (Founder & CEO, ConnXus Inc.)
noun | net·work·ing | ˈnet-ˌwərk-kiŋ
: the exchange of information or services among
individuals, groups, or institutions
: the cultivation of productive relationships for
employment or business
supplier diversity programs are
more likely to penetrate new
markets and gain new customers.
As you reach out to more and more
suppliers, you will become privy to
each of their business networks
and certiﬁcation networks.
Kerri McMurray (SciQuest)
noun | group·think | ˈgrüp-ˌthiŋk
: the practice of thinking or making decisions as a group in a way
that discourages creativity or individual responsibility.
: a pattern of thought characterized by self-deception, forced
manufacture of consent, and conformity to group values and ethics
No matter the size or industry of your organization, there are
always beneﬁts to partnering with a diverse supplier. Head over to
our website to learn more on the topic and check out the many
services that Levy Marketing + Awards can oﬀer!