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3 strategies and tactics for Supplier Diversity

What is Supplier Diversity strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Identifying the optimal Supplier Diversity strategy can be challenging, especially when everyday tasks consume your time. To help you, we've assembled a list of examples to ignite your creativity.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

How to write your own Supplier Diversity strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Supplier Diversity strategy examples

You will find in the next section many different Supplier Diversity tactics. We've included action items in our templates to make it as actionable as possible.

Strategies and tactics for enhancing Supplier Diversity Programme Globally

  • ⛳️ Strategy 1: Leverage US Executive Orders

    • Research current executive orders related to supplier diversity
    • Identify small and medium-sized businesses in key industries
    • Develop partnerships with diverse supplier networks in the US
    • Create a supplier diversity policy aligned with US regulations
    • Organise webinars to educate suppliers on opportunities
    • Set goals for increasing diverse supplier contracts
    • Monitor compliance with executive orders regularly
    • Collect and analyse supplier diversity data for reporting
    • Engage with US-based supplier diversity advocacy groups
    • Provide training to suppliers on contract proposals

  • ⛳️ Strategy 2: Utilise UK Procurement Act

    • Examine the UK Procurement Act for opportunities
    • Identify key sectors with mature supplier diversity programs
    • Build relationships with expert groups in the UK
    • Promote the procurement act benefits to diverse suppliers
    • Host networking events for suppliers to meet potential buyers
    • Set clear measurement criteria for supplier diversity success
    • Create a mentorship programme for small diverse suppliers
    • Collaborate with UK government on supplier diversity initiatives
    • Regularly review legal requirements for public procurement
    • Highlight successful case studies of diverse procurement in the UK

  • ⛳️ Strategy 3: Focus on Indigenous Procurement in Canada and Australia

    • Understand the Indigenous Procurement Policy in both countries
    • Identify opportunities in government and private contracts
    • Partner with indigenous business councils and networks
    • Raise awareness of indigenous suppliers to potential buyers
    • Develop training sessions on submitting contract proposals
    • Allocate a percentage of contracts specifically for indigenous suppliers
    • Create a feedback system to improve supplier engagement
    • Publicise achievements in indigenous procurement
    • Engage local communities in dialogue for better understanding
    • Track progress and impact of policies on indigenous suppliers
supplier-diversityregional-policiesdiversity-advocatesupplier-coordinatorprocurement-teamcommunity-outreach-team
Implement these strategies

Strategies and tactics for procuring from black-owned businesses and professionals

  • ⛳️ Strategy 1: Identify and research potential vendors and professionals

    • Compile a list of black-owned businesses, law firms, and advocates
    • Utilise online directories and databases designed for diverse suppliers
    • Network with business associations and minority chambers of commerce
    • Attend events and expos focused on black-owned enterprises
    • Subscribe to newsletters that highlight black professionals and businesses
    • Contact procurement organisations that specialise in diversity
    • Leverage social media to discover and engage with professionals and firms
    • Research customer reviews and testimonials for potential vendors
    • Request recommendations from colleagues and industry peers
    • Verify certifications and credentials of identified professionals

  • ⛳️ Strategy 2: Engage and establish relationships with black-owned entities

    • Reach out to shortlisted vendors to express interest in collaboration
    • Set up introductory meetings or calls to discuss potential partnerships
    • Communicate your procurement needs clearly and transparently
    • Offer feedback and insights to help vendors understand your requirements
    • Invite vendors to submit proposals or pitches for upcoming projects
    • Participate in industry networking events to build personal connections
    • Visit vendor facilities to better understand their operations and capabilities
    • Include vendors in corporate social responsibility initiatives
    • Facilitate workshops or seminars to learn about unique industry challenges
    • Create a vendor management program for ongoing communication and support

  • ⛳️ Strategy 3: Implement inclusive procurement policies and practices

    • Develop a formal policy for engaging with diverse suppliers
    • Set specific, measurable goals for diversity procurement
    • Allocate a portion of your budget for diversity spend
    • Incorporate diversity criteria into vendor selection processes
    • Track and report on diversity spending regularly
    • Provide training to procurement teams on supplier diversity
    • Establish a supplier diversity council within your organisation
    • Include diversity goals in executive performance evaluations
    • Recognise and celebrate successes in diversity procurement
    • Regularly review and enhance procurement strategies and objectives
diversityprocurementprocurement-managerdiversity-officersupplier-diversity-teamprocurement-team
Implement these strategies

Strategies and tactics for expanding Sterling Tour and Travel Agency into the Kenyan Market

  • ⛳️ Strategy 1: Forge strategic partnerships

    • Identify and partner with a medium-sized Kenyan tour and travel agency
    • Leverage the local partner’s market knowledge and customer base
    • Align services to meet local cultural and tourist preferences
    • Ensure clear communication channels with partners
    • Negotiate mutually beneficial terms in partnership agreements
    • Engage local travel influencers to promote joint offerings
    • Create co-branded marketing materials with local partners
    • Host joint events and travel expos to increase brand visibility
    • Develop shared objectives and performance metrics
    • Regularly review and refine partnership strategies

  • ⛳️ Strategy 2: Adapt services to local market conditions

    • Research and understand customer preferences in Kenya
    • Develop Kenya-specific travel packages including popular destinations
    • Implement a pricing strategy that reflects local purchasing power
    • Offer flexible payment options tailored to Kenyan market needs
    • Launch culturally immersive experiences like safaris and heritage tours
    • Translate marketing materials into Swahili and other local languages
    • Align services with environmental and cultural preservation initiatives
    • Conduct training sessions for employees on local customs and practices
    • Incorporate feedback from local customers into service offerings
    • Regularly update offerings based on seasonal tourist trends

  • ⛳️ Strategy 3: Enhance marketing and brand awareness

    • Launch social media campaigns targeting Kenyan travellers
    • Partner with local influencers to widen digital reach
    • Participate in local and international travel expos
    • Utilise radio and print media to reach different demographics
    • Highlight local partnerships in marketing communications
    • Develop emotional and engaging storytelling content
    • Create promotional videos showcasing Kenyan attractions
    • Establish a customer referral programme
    • Leverage customer testimonials in marketing materials
    • Conduct surveys to measure brand awareness and adapt strategies
partnershipslocalizationstrategic-plannermarketing-specialistmarketing-teambusiness-development-team
Implement these strategies

How to track your Supplier Diversity strategies and tactics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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