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Supplier diversity. 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 ownership, women owned, veteran owned, LGBT -owned, [1 ...
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 ...
In fiscal year 2021, the coffee giant spent $800 million dollars with diverse suppliers, which translated into more than 6,400 jobs and $1.2 billion worth of economic impact, according to ...
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.
The chief diversity officer (CDO) is an organization's executive level diversity and inclusion strategist, whose job may include, but is not limited to, addressing discrimination in the workplace, launching initiative to change organizational culture, and increasing the range of backgrounds and the representation of various groups in staff, volunteers, and/or management.
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