Supplier Diversity
Supplier Diversity is a business program that encourages the use of diverse-owned vendors, including women-owned businesses, as suppliers to corporations and governments.
Why is Supplier Diversity important?
Despite the fact that Canadian women entrepreneurs are starting businesses at twice the rate of men, women-owned businesses are greatly under-represented in procurement contracts.
Women are involved in 80% of purchasing decisions, yet, globally, comprise less than 1% of suppliers to corporations and governments. Not only is the growth of women-owned businesses inhibited but corporations are missing out on the innovative approach taken by women-owned businesses and the quality products and services that they provide to the marketplace.
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| Women-owned Businesses |
Corporations |
Better Business |
- Access to large contract opportunities
- Create business-to-business partnerships
- Gain marketing edge
- Accelerate business growth and development
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- Reduce operating costs and increase profit
- Drive innovation with a more inclusive vendor network
- Enhance brand
- Win loyal customers with spending power
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- Corporations gain value and innovation
- Women-owned businesses grow more rapidly
- National productivity and GDP increase
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