What is supplier diversity?
Supplier diversity is a business practice that encourages diversity in the supply marketplace by purchasing goods and services from businesses owned by, or that assist, marginalised groups.
In Australia, most supplier diversity programs have traditionally focused on procurement from First Nations’ businesses and disability enterprises. However, there has been a growing shift in organisations also including women-owned businesses, social enterprises, and B Corporations.
Organisations can support supplier diversity by implementing a supplier diversity program. DCA members can access member-only content below on why and how to set up their program.
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DCA members get access to cutting-edge research, valuable toolkits & guides and inspiring events designed to support your D&I journey.
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- N. Dickson & B. Pease, Five Reasons Why You Should Prioritize Supplier Diversity as Part of Your Sourcing Strategy, Accenture, 2020.
- N. Dickson & B. Pease, Five Reasons Why You Should Prioritize Supplier Diversity as Part of Your Sourcing Strategy, Accenture, 2020.
- Mccrindle, Baptist World Aid, The Australian Ethical Consumer Report: Exploring the Ethnical Attitudes and Consumption Behaviours of Australians, Baptist World Aid, 2023.
- Governance Institute of Australia, Ethics Index: 2023, Governance Institute of Australia, 2023.
- Trustpilot, Brands That Take a Stand: Marketers Who Match Consumers’ Desire for Purpose and Honesty Come Out on Top, Trustpilot, 2022.
- A. Bateman, A. Barrington & K. Date, “Why You Need a Supplier-Diversity Program”, Harvard Business Review, 17 August, 2020.
- A. Bateman, A. Barrington & K. Date, “Why You Need a Supplier-Diversity Program”, Harvard Business Review, 17 August, 2020.