Is Supplier Diversity discriminatory?
IFirms we consult with ask: What are the benefits of Supplier Diversity programmes?
They ask because achieving Executive sign-off and the backing of the Board and Investors requires outcomes which can be measured, managed, and reported.
It is critical that Supplier Diversity not be seen as just the ‘ethical thing to do’. It quite simply must be known to make commercial sense too.
Here are 6 benefits to Supplier Diversity programmes
✅ Buyer’s get greater, faster access to innovation which could provide a competitive edge.
✅ Improved access to new markets and customers.
✅ Improve perception, reputation, and brand loyalty.
✅ Recognise a 3% market share gain where representation is done well (over 12 months).
✅ Creates jobs in marginalised communities which enables wealth to be distributed.
✅ Attract talent and retain staff who are socially conscious.
"Finding Diverse Suppliers is time-consuming as the process today involves researching against multiple databases."
Founded in 2019, Kaleida International is a B2B marketplace for Tenders connecting Buyers to Suppliers, and Diverse Suppliers. With a focus on helping the Chief Procurement Office achieve its ESG goals, and alerting companies to new revenue opportunities, Kaleida's fully-inclusive platform helps Buyers find, identify and assess Diverse Suppliers they can invite to Tender.
In 2023 Kaleida will publish £600b in both Public and Private sector tenders for suppliers, and Diverse suppliers to apply to. By increasing access to commercial opportunity, we believe we can drive equality through providing access to economic parity.