In today’s environment, there has never been a more challenging time in our supply chain. With the addition of inflation, the rising cost of goods and services, and shifts in working norms, procurement professionals and small diverse businesses are stretched to find supplier diversity solutions.
Now is the time for procurement professionals to engage with your supplier partners and align your supplier diversity strategies – aligning with your supplier partners, small/diverse suppliers, and procurement teams – as a solution.
At Avantor, we partner with you to evaluate your program against the National Minority Supplier Development Council (NMSDC) and Women’s Business Enterprise Council (WBENC) Best Practices in Supplier Diversity Benchmark Studies. Both trade organizations consist of global supplier diversity professionals and are charged to provide certification to ensure firms are 51% minority/women-owned operated and controlled. The benchmark study and pillars will help you drive and measure your programmatic approach to supplier diversity.
When Avantor works with an E&I Cooperative Services member, we realize many have different goals and objectives. A member can be in the Higher Ed, Community College, or K-12 segments; therefore, we realize different members’ needs and objectives may be differ; that’s why it is a best practice to speak about supplier diversity goals early and often. At Avantor, we work with a number of our customer partners to put successful and sustainable Tier 1 and Tier 2 solutions in place.
We recommend speaking with your Avantor Regional Director when considering how to drive your supplier diversity goals and objectives. Avantor can convene strategy sessions, along with its Supplier Diversity team, to help you reach your educational institution’s individual goals. We’ve worked with many E&I members directly to surpass their supplier diversity goals while aligning best practices for driving performance.
If your goals are tier two spend measurement, economic impact, job creation, or trade association engagement, let us help you get to where you want to be. At Avantor, supplier diversity is a solution that matters.