Partnering with Diverse Suppliers and Vendors: Strengthening Commitments to Inclusion
At MVD Consulting Inc., we believe diversity drives innovation, growth, and sustainability. One of the ways we manifest this belief is through our commitment to partnering with diverse suppliers and vendors. By fostering a supplier base that includes businesses owned by women, Black, Indigenous, racialized peoples, persons with disabilities, and 2SLGBTQ+ folks, we not only support the economic empowerment of these businesses, but we also enrich our operations with diverse perspectives and ideas.
Why Partner with Diverse Suppliers and Vendors?
There are many great reasons why your business or organization should collaborate with organizations and businesses led by and serving equity-deserving communities. These include:
1. Innovation and Creativity - diverse suppliers bring unique perspectives and solutions, driving innovation and creativity within a supply chain. This diversity of thought helps us stay competitive and responsive to the ever-changing market needs.
2. Economic Growth - supporting diverse businesses contributes to the economic growth of underrepresented communities. It creates jobs, fosters entrepreneurship, and leads to more robust local economies.
3. Social Responsibility - As a socially responsible company, we recognize the importance of equity and inclusion in all aspects of our business. Partnering with diverse suppliers aligns with our corporate values and demonstrates our commitment to social justice.
4. Customer Expectations - Today's consumers are more socially conscious and expect companies to do the same. By diversifying our supplier base, we meet these expectations and enhance our brand reputation.
Canadian Resources for Partnering with Diverse Suppliers
Below are key organizations and programs that can assist you identify and engage with diverse suppliers.:
1. Canadian Aboriginal and Minority Supplier Council (CAMSC): CAMSC is dedicated to helping Indigenous and minority-owned businesses connect with corporate Canada. They offer certification, networking opportunities, and resources to support supplier diversity initiatives.
2. Women Business Enterprises Canada Council (WBE Canada): WBE Canada certifies women-owned businesses and provides a platform for them to connect with larger corporations. They also offer training, mentorship, and events to support the growth of women entrepreneurs.
3. Inclusive Workplace and Supply Council of Canada (IWSCC):** IWSCC focuses on certifying and promoting businesses owned by veterans and persons with disabilities. They provide resources and support to help these businesses thrive in the marketplace.
4. Canadian Gay & Lesbian Chamber of Commerce (CGLCC): The CGLCC advocates for 2SLGBTQ+ owned businesses, offering certification and business development programs. They also facilitate connections between these businesses and potential corporate partners.
5. Procurement Assistance Canada (PAC): PAC helps small and medium-sized enterprises (SMEs), including diverse suppliers, navigate the federal procurement process. They provide information, tools, and support to help SMEs compete for government contracts.
To expanding your partnerships with diverse suppliers and vendors below are actions you can take to achieve this goal:
Implement a Supplier Diversity Program to identify and engage with diverse suppliers. This program includes setting diversity targets, tracking progress, and reporting on your achievements.
Offer training and resources to your procurement teams to ensure they understand the importance of supplier diversity and are equipped to implement inclusive procurement practices.
Actively participate in events, conferences, and trade shows organized by diversity-focused organizations. This helps you connect with potential suppliers and stay informed about promising practices in supplier diversity.
Collaborate with organizations like CAMSC, WBE Canada, IWSCC, CGLCC, and PAC to support their supplier diversity initiatives and ensure you are leveraging available resources effectively.
By partnering with diverse suppliers and vendors, you will not only enhance your business operations but also contribute to a more inclusive and equitable society. We invite you to join us in this important journey towards diversity and inclusion.
Thank you for reading this blog. And please subscribe to our revamped DEI @ Work Newsletter for more insights and tips on creating equitable and just workplaces.
Michelle
CEO
Your Workplace DEI Consultants
