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Supplier diversity refers to the use of minority-owned businesses as suppliers, and a supplier diversity program is a proactive business program which encourages such use within an organisation's supply chain.
Supply chain diversification. Supply chain diversification, within the context of manufacturing businesses, refers to the strategic approach of expanding sourcing options and optimizing procurement timing to facilitate the efficient flow of products into the market. It encompasses the breadth and adaptability of suppliers available for a ...
In 2011, ISM introduced the Certified Professional in Supplier Diversity (CPSD) certification to create experts who could help guide their companies through supplier diversity issues, harness underutilized, innovative suppliers and tap into new markets.
Supply and demand stacked in a conceptual chain. A supply chain, sometimes expressed as a "supply-chain", [1] is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [2] to end consumers [3] or end customers. [4] Meanwhile, supply chain management deals with the flow of ...
Diversity (business), the inclusion of people of different identities (ethnicity, gender, age) in the workforce. Diversity marketing, marketing communication targeting diverse customers. Supplier diversity, the use of diverse suppliers.
Porter's five forces include three forces from 'horizontal competition' – the threat of substitute products or services, the threat of established rivals, and the threat of new entrants – and two others from 'vertical' competition – the bargaining power of suppliers and the bargaining power of customers.
Supply-chain sustainability is the management of environmental, social and economic impacts and the encouragement of good governance practices, throughout the lifecycles of goods and services. [1] There is a growing need for integrating sustainable choices into supply-chain management.
Supply Nation (formerly Australian Indigenous Minority Supplier Council) is a non-profit organisation that aims to grow the Aboriginal and Torres Strait Islander business sector through the promotion of supplier diversity in Australia. [1] The organisation was founded in 2009 by Michael McLeod and Dug Russel, co-founders of Message Stick Communications, with pilot funding from the Federal ...