Many companies have put in place supplier diversity requirements and policies in order to increase the number of minority business enterprises they source. Instating diversity policies can have multiple benefits. From reinforcing corporate values and objectives to meeting compliance requirements of federal or state government customers, these policies have both intangible and economic benefits.
Companies that focus on supplier diversity, driven by a sense of social responsibility, government mandates, or a range of other factors, are just as able to run effective procurement operations as their peers that ignore supplier diversity. Companies that are forward-thinking have recognized the many economic and intangible benefits and are implementing thorough supplier diversity plans to stay ahead.
Consider the impact supplier diversity and the benefits could have on your business. Millennium Distribution desires to partner with companies as a trusted minority-owned business and create and build a win-win relationship.