Supplier Diversity Policy

Purpose

The purpose of this Supplier Diversity Policy is to promote an inclusive procurement process that encourages the engagement of diverse suppliers. We are committed to fostering a diverse supply chain that reflects the communities we serve and enhances our competitiveness.

Scope

This policy applies to all departments involved in the procurement of goods and services and covers all suppliers seeking to do business with our organization.

Definitions

• Diverse Suppliers: Businesses owned by individuals from historically underrepresented groups, including but not limited to women, minorities, veterans, LGBTQ+ individuals, and persons with disabilities.

• Supplier Diversity: A proactive business strategy aimed at including diverse suppliers in our procurement process.

Policy Statement

Our organization is dedicated to creating opportunities for diverse suppliers through the following initiatives:

1. Commitment: We will actively seek to include diverse suppliers in our sourcing process.

2. Outreach and Education: We will provide resources and training for our staff to understand the benefits of supplier diversity and how to engage with diverse suppliers effectively.

3. Measurement and Reporting: We will track and report our spending with diverse suppliers annually to evaluate progress and identify areas for improvement.

4. Partnerships: We will collaborate with local, regional, and national organizations that support diverse suppliers to enhance our outreach and engagement efforts.

5. Continuous Improvement: We will review this policy annually to ensure its effectiveness and make adjustments as needed to improve our supplier diversity efforts.

Responsibilities

• Procurement Team: Responsible for implementing this policy and ensuring that diverse suppliers are included in sourcing opportunities.

• Management: Expected to champion supplier diversity within their teams and provide necessary resources.

• Employees: Encouraged to support supplier diversity initiatives and seek out diverse suppliers when applicable.

Compliance

All suppliers are expected to comply with our Supplier Diversity Policy. We reserve the right to review and assess our supplier base periodically to ensure adherence to this policy.

Conclusion

By implementing this Supplier Diversity Policy, we aim to strengthen our supply chain, drive innovation, and contribute to economic growth in the communities we serve. We believe that a diverse supplier base enhances our ability to deliver value and excellence to our stakeholders.

This policy will be communicated to all stakeholders and made accessible to current and potential suppliers.