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

Breaking the Cycle and Inspiring Others
July 23, 2024

Nowadays, the traditional path to education is being questioned more than ever and there are numerous stories that provide a beacon of hope for those considering alternative routes. As the number of adults without a high school diploma reaches nearly 22 million in the United States, the importance of understanding and embracing non-traditional education…

Read More
School Safety and Regulatory Compliance
Approaching Safety and Regulatory Compliance with Intent and Purpose
July 23, 2024

In this episode of School Safety Today by Raptor Technologies Michelle Dawn Mooney sat down with special guest, Carrie Mockler, the Vice President of Operations at PublicSchoolWORKS, a Raptor Technologies company. PublicSchoolWORKS is a fully automated, all-in-one learning management system for online training for school staff and a comprehensive risk management program. Key Takeaways: •…

Read More
The Power of Self-Compassion in Leadership and Cognitive Diversity Can Transform Workplaces
July 23, 2024

Mental health and a sense of belonging are critical issues in today’s workplaces. So much that it is essential to practice self-compassion and form a better understanding of cognitive diversity. Leaders today must navigate the complexities of fostering connection and reducing isolation among their teams. Recent studies indicate that 40 percent of employees feel…

Read More
Knox Kronenberg
Passion, Nature, and Fine Art Photography with Knox Kronenberg
July 23, 2024

In the ever-evolving world of fine art photography, capturing the intersection of the old and the new is both a challenge and an art form in itself. Knox Kronenberg, a prominent photographer based in Austin, Texas, embodies this intersection through his work, which uniquely blends historical elements with modern contexts. As technology advances and…

Read More