No matter the size of your organization or your industry, partnering with a diverse supplier will strengthen your business. Read our 7 tips for partnering with a diverse supplier from other industry experts.

1. 7 WAYS PARTNERING WITH A DIVERSE
SUPPLIER CAN BENEFIT YOUR COMPANY

2. embrace
OPPORTUNITY

3. embrace
OPPORTUNITY
noun | op·por·tu·ni·ty | ˌä-pər-ˈtü-nə-tē, -ˈtyü-
: a favorable juncture of circumstances
: a good chance for advancement or progress

5. gain
INSIGHT

6. gain
INSIGHT
: the ability to understand people and situations in
a very clear way
: an understanding of the true nature of something
noun | in·sight | ˈin-ˌsīt

8. profit from
COMPETITION

9. profit from
COMPETITION
noun | com·pe·ti·tion | ˌkäm-pə-ˈti-shən
: the effort of two or more parties acting independently to secure
the business of a third party by offering the most favorable terms
: the act or process of trying to get or win something that
someone else is also trying to get or win

10. It’s a basic law of business
that competition drives
down cost and increases
quality. If there are more
suppliers competing for your
contracts, the price you pay
will go down. Likewise,
quality of service or
products should improve.
Rod Robinson (Founder & CEO, ConnXus Inc.)

11. see new
PERSPECTIVE

12. see new
PERSPECTIVE
noun | per·spec·tive | pər-ˈspek-tiv
: the capacity to view things in their true relations
or relative importance
: a mental view or prospect to get or win

14. promote
GROWTH

15. promote
GROWTH
noun | growth | ˈgrōth
: progressive development
: a natural process of increasing in
size or developing

17. expand
NETWORKING

18. expand
NETWORKING
noun | net·work·ing | ˈnet-ˌwərk-kiŋ
: the exchange of information or services among
individuals, groups, or institutions
: the cultivation of productive relationships for
employment or business

19. Organizations implementing
supplier diversity programs are
more likely to penetrate new
markets and gain new customers.
As you reach out to more and more
suppliers, you will become privy to
each of their business networks
and certification networks.
Kerri McMurray (SciQuest)

20. avoid
GROUPTHINK

21. avoid
GROUPTHINK
noun | group·think | ˈgrüp-ˌthiŋk
: the practice of thinking or making decisions as a group in a way
that discourages creativity or individual responsibility.
: a pattern of thought characterized by self-deception, forced
manufacture of consent, and conformity to group values and ethics

23. No matter the size or industry of your organization, there are
always benefits to partnering with a diverse supplier. Head over to
our website to learn more on the topic and check out the many
services that Levy Marketing + Awards can offer!
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