Best Practice No. 1: Have Top-Down Commitment
Key to supplier-diversity success is unwavering leadership commitment. Among The DiversityInc Top 10 Companies for Supplier Diversity, all:
- Have CEOs who personally sign off on supplier-diversity goals and metrics, compared with 86 percent of the DiversityInc Top 50 companies
- Audit their supplier-diversity numbers
- Mandate that supplier-diversity metrics be included in every request for proposal (RFP)
These leaders also spend an average of 13 percent of their Tier I (direct contractor) spend with minority-owned business enterprises (MBEs) and 11 percent with women-owned business enterprises (WBEs).
