Supplier Diversity Program Management Software in the US

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Supplier Diversity Program
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What Is a Supplier Diversity Program?
A Supplier Diversity Program is a business
program that encourages the use
of minority-owned businesses as suppliers within
an organizations supply chain. Minority
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Minority-owned includes black and minority
ethnic business ownership, women-owned, veteran-ow
ned, LGBT-owned, service-disabled veteran-owned,
historically underutilized business, and Small
Business Administration (SBA).
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The Supplier Diversity Program was introduced in
the United States in the 1960s. It was started by
former President Richard Nixon in 1969 through an
executive order.
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• A Supplier Diversity Commitment benefits a
  company because it
• It promotes innovation through the introduction
  of new products, services, and solutions.
• It provides multiple channels from which to
  procure goods and services
• It drives competition (on price and service
  levels) between the companys existing and
  potential vendors
• Allows a company to take advantage of new
  opportunities for business expansion with the
  emergence of new consumer needs based upon
  shifting demographic realities

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DivedIn Tier 2 powered by LOCOMeX Inc. is a
cloud-based and AI-Powered Invoice to Pay
automated tracking tool to track your diverse
spend.
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