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SUPPLIER DIVERSITY PROGRAM Issue Date: November 1, 2005, Refresh Date: June 1, 2011, This document sets forth the policy and guidance pertaining to the Supplier Diversity Program (SDP) for incidental purchases,
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A supplier diversity program is an initiative implemented by organizations to ensure that a diverse range of suppliers are included in their procurement and sourcing processes.
There is no specific requirement to file a supplier diversity program. However, many organizations, particularly large corporations and government agencies, voluntarily implement supplier diversity programs to promote diversity and inclusion in their supply chain.
The process of filling out a supplier diversity program may vary depending on the organization. Generally, it involves assessing the current supplier base, setting diversity goals, implementing outreach and recruitment strategies, tracking supplier diversity metrics, and regularly reporting on the progress.
The purpose of a supplier diversity program is to promote equal opportunities for diverse businesses, including those owned by minorities, women, veterans, and other underrepresented groups. It aims to increase the inclusion of diverse suppliers in procurement processes and support economic growth in disadvantaged communities.
The information reported on a supplier diversity program may vary depending on the organization and requirements. Generally, it includes data on the percentage of spending with diverse suppliers, the number of diverse suppliers in the supply chain, outreach and development activities, and progress towards diversity goals.
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