How Supplier Diversity Networks Offer Innovation

 

Here on the Fourth Revolution by Bartell, we talk about the disruptive technologies and trends that are changing the way we live and work. But today’s topic is a bit more retrospective, as host Shelby Skrhak discusses the importance of corporate diversity initiatives with Madi Dixon, Women Business Enterprises Business Development Ambassador for Bartell parent company, Heico.

“Diversity shouldn’t really be a conversation, but something that’s accepted throughout a company’s core values (and is) equally as important as costs and quality,” Dixon said.

A corporate supplier diversity program prioritizes using minority-owned, women-owned, veteran-owned, LGBT-owned, service-disabled or veteran-owned businesses as suppliers. Heico has long been certified as a women-owned, operated and controlled business, or WBE.

Though supplier diversity been used as a vein of conscious capitalism in the past, almost as a gesture of goodwill, today’s diversity network programs are not only competitive in cost and quality, but offer businesses an advantage.

“Businesses want innovation and partnership,” Dixon said. “When we talk with businesses, they want to know how we can partner with them (and) how can we provide long-term solutions with something they may have never thought of before.”

To that end, Dixon offers this advice for businesses dipping their toes into supplier diversity programs: “Success in the supplier diversity network is through relationship building. Certification allows us to establish those relationships with supplier teams and, in turn, we create and grow the business.”

For the latest news, videos, and podcasts in the Engineering & Construction Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

Transform Your Videos with AI
Transform Your Videos with AI
February 29, 2024

The future of video editing is here, and it’s powered by AI. MarketScale’s recent webinar, hosted by Alex LeBlanc and Shannon Willey, took a deep dive into how artificial intelligence is transforming the art of video production. In an era where video content reigns supreme, AI is emerging as a game-changer, providing tools that bring […]

Read More
DISTRIBUTECH 2024
DISTRIBUTECH 2024: Ulteig’s PathFinder Leads the Way in Smart Technology Investments
February 29, 2024

The utility industry is witnessing a transformative shift towards harnessing technology to enhance efficiency and offer value beyond conventional services. A recent study unveiled at DISTRIBUTECH 2024, the industry’s energy transmission and distribution show, revealed that 74% of energy and utility companies are adopting or exploring AI to improve data management and operational efficiency. […]

Read More
DECT NR+
DISTRIBUTECH 2024: Nordic Semiconductor Unveils the Power of DECT NR+ for Private Networks
February 28, 2024

The rise of the Internet of Things (IoT) and its industrial counterpart (IIoT) has seamlessly integrated technology into our daily lives, from our homes and cars to factories. This integration largely relies on wireless communication technologies like Wi-Fi, Bluetooth, and cellular networks, as well as ultra-wideband, LoRa, Sigfox, and ISM. With our reliance on […]

Read More
energy infrastructure
New Energy Infrastructure Vs. Extending Fossil Fuel Plants: How Should the Energy Industry Tackle Aging Power-Generation Assets?
February 28, 2024

If the expected surge in power demand is anything to go by, the U.S. power grid could be in trouble. Fueled by clean energy projects and a massive shift towards electric vehicles by 2030, it’s clear the grid could face major strain — and even blackouts. Unfortunately, the U.S. has already faced such disasters: […]

Read More