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Supplier diversity. Not to be confused with Supply chain diversification. 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. Minority-owned includes black and minority ethnic business ...
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 particular product or component.
Chief diversity officer. The Chief Diversity Officer (CDO) is the highest officer charged with the management of diversity and inclusion in an organization. The CDO role may involve addressing discrimination in the workplace, launching initiatives to change organizational culture, and increasing the range of backgrounds and the representation ...
Up until 2008, the highest credential that ISM offered was the Certified Purchasing Manager (C.P.M.) designation, which the organization first offered in 1974. [4] The C.P.M. required qualified applicants to pass four exam modules that measured their aptitude in areas such as purchasing, supplier relations, quality issues, business law, personnel challenges, diversity and more.
Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers' strengths, performance and capabilities with respect to overall business strategy, determination of what activities to engage in with different suppliers, and planning and execution of all interactions with suppliers, in a coordinated fashion across the relationship life cycle, to maximize the ...
Diversity, in a business context, is hiring and promoting employees from a variety of different backgrounds and identities.Those characteristics may include various legally protected groups, such as people of different religions or races, or backgrounds that are not legally protected, such as people from different social classes or educational levels.
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