Last week I published part 1 (link) of this two part series by summarizing an online SHRM (Society for Human Resource Management) article in which I was one of a handful of industry experts extensively quoted. In the article, “Diverse Suppliers Can Lead to Diverse Talent” by Rebecca R. Hastings, the main theme was that supplier diversity initiatives do have a strong connection to similar efforts to recruit and retain the best employees via the widest possible diverse pool of candidates.
In this follow on blog, I am providing links (underlined bolded titles) to a few more resources and articles on this supplier diversity topic.
ARTICLE 1: “How to Engage LGBT ERGs in Supplier Diversity” by Consultant Jennifer Brown (Jennifer Brown Consulting.) Jennifer, also extensively quoted in the SHRM article mentioned above, authored this article where she summarizes feedback she had received from several Fortune 500 companies on how they leverage their LGBT (Lesbian, Gay, Bisexual, Transgender) Employee Resource Groups to assist with their LGBT supplier diversity execution. These learnings are easily transportable to other diversity constituencies such as women-owned and black-owned businesses.
ARTICLE 2: “Ford Puts Supplier Diversity Into Overdrive” by Jeffrey Cattel. This article provides an in depth discussion with Carla Traci Preston, director of supplier diversity development at Ford Motor Company. Ms. Preston discusses the important link to economic development of historically under-utilized minority businesses and the leadership role that large corporations like Ford have in helping fuel wide-spread economic growth. She also shares some of her own personal story of how she got involved in supplier diversity, some specific execution points from Ford, and suggestions for other companies wanting to expand their supplier diversity efforts.
ARTICLE 3: “First Ever US Federal Government Procurement Fair for LGBT Business.” This was a blog I published in December, 2012 after being a participant in this historic event held in November at the US Department of Commerce Building in Washington, DC. In addition to interacting with about a dozen procurement representatives from various government agencies, we also heard the compelling logic for this move by the US administration from Acting Secretary of Commerce Dr. Rebecca Blank and Gautum Raghaven, White House Liaison to the LGBT Community.
Continue to look for additional development in 2013 around supplier diversity and its importance to helping grow the economy across all sectors.