Why Vendor Diversity is a Smart Business Strategy

How can we build more relationships with small, diverse and historically underutilized organizations? It’s a question many procurement teams are acting on as they realize that supplier diversity isn’t just a social responsibility — it’s a smart business strategy.

Whether you’re launching a vendor diversity program, already have one, or don’t know where to start, this is one episode you don’t want to miss.

In a pre-recorded session with Robert Tatum of the Cayman Islands Government and Sheena Fain of the City of Akron, in conversation with Bonfire’s Director of Client Experience, Rachel Friesen, you’ll discover how both procurement pros launched their own small supplier programs and what they learned along the way, including how to:

• Eliminate barriers to entry for small and diverse suppliers
• Create a process that gives more time back to small business owners (and why that’s the most important currency of all)
• Educate internal stakeholders about vendor diversity
• Conduct outreach that builds trust and taps into the small supplier ecosystem
• Get feedback that helps you move the needle on the things small suppliers care about
• Use Bonfire to support your vendor diversity efforts

You can find this interview, and many more, by subscribing to Inside Public Procurement on Apple Podcasts, on Spotify, or gobonfire.com/podcast.

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