What is Supplier Diversity?
Supplier Diversity is a business imperative that encourages the inclusion of minority- and women-owned business enterprises and suppliers from other underrepresented communities. Many businesses incorporate diverse suppliers as an integral part of their supply chain management process as well as to enhance their overall mission to provide certain goods and/or services to their diverse customer base.
According to wikipedia.org, minority- and women-owned business enterprises (MWBEs) are among the fastest-growing segments of the U.S. economy. Minority-owned businesses generate an estimated $495 billion in annual revenue and employ nearly 4 million workers, while women-owned firms employ about 19 million people and generate $2.5 trillion in annual sales. Major corporations as well as large institutions and public agencies throughout the U.S. have made it a priority to tap these burgeoning businesses and create a diverse base of suppliers.
Mission Statement: The mission of the ISM-New York Supplier Diversity Committee is to motivate, educate and provide guidance to ISM-New York members on supplier diversity issues and initiatives. All members of ISM-New York who share an interest in promoting supplier diversity, regardless of the status of an “official” corporate program, are invited to participate.
Committee Meetings: The Supplier Diversity Committee meetings are scheduled every 2 months and open to all ISM-New York members.
Supplier Diversity Annual Membership Meeting Planning: The activities of the committee culminate with the ISM-New York annual supplier diversity focused membership meeting.
Supplier Diversity Expo: The exclusive expo event allows member corporations and certified supplier diversity vendors meet for potential new business opportunities. The subcommittee organizes this annual event currently held in the month of April.
Supplier Diversity Focus Group: This subcommittee acts as the think tank of the supplier diversity committee providing a forum to “brainstorm” for new initiatives in supplier diversity or identify areas that necessitate the creation of new subcommittees.
Supplier Diversity Meeting, Planning and Execution: This subcommittee ensures the members meet regularly to continue the committee’s mission. Members of this subcommittee manage and recruit volunteer meeting planners for supplier diversity committee meetings scheduled every alternate month.
Supplier Diversity Surveys and Measurement: ISM-New York is committed to sharing meaningful information to its members and the local community. This subcommittee is responsible for conducting research or surveys on supplier diversity topics such as current trends or best-in-class supplier diversity programs.
Supplier Diversity Website: This subcommittee manages and updates content on the ISM-New York website, publishing ISM-New York studies or events on supplier diversity and other useful resources on supplier diversity.
Contact Us: Want to share new ideas on supplier diversity? Would you like to get involved as a subcommittee member? Interested in sponsoring your site for the next ISM-New York Supplier Diversity Committee meeting? The ISM-New York Supplier Diversity Committee continually welcomes speakers and new ISM-New York members to join our activities and events. For more information, please contact the Director of Supplier Diversity:
Melissa Wahl, CAE – 212-688-4114
For a copy of useful web site links, please download the document below.