Jason Busch and Daryl Hammett have written a potentially seminal paper on how procurement professionals can effect change, combating systemic racism by creating more opportunities for minority-owned and minority-hiring suppliers. Here is their abstract:
Too often, we hear about corporations with great intentions and plans to develop their own supplier diversity program. But corporate supplier diversity programs often lack the intent to include diverse suppliers in their overall sourcing process. Supplier diversity can be measured by many tools and metrics, but that doesn’t guarantee that any program will contribute to driving inclusion.
However, businesses (and government) have the potential to sow an environment that can lead to true inclusion by strengthening relationships with small and minority suppliers. But there are many seeds that we must plant.
In this paper, Daryl Hammett and Jason Busch lay out a new way to approach supplier diversity and inclusion in procurement.