Kathey K. Porter - Supplier Diversity For Dummies

Supplier Diversity For Dummies

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Copyright 2022 by John Wiley & Sons, Inc., Hoboken, New Jersey

Published simultaneously in Canada

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Library of Congress Control Number: 2022936112

ISBN 978-1-119-84301-6 (pbk); ISBN 978-1-119-84302-3 (ebk); ISBN 978-1-119-84303-0 (ebk)

1. Chapter 6
2. Chapter 10
3. Chapter 11
4. Chapter 16

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 5
6. Chapter 6
7. Chapter 7
8. Chapter 8
9. Chapter 10
10. Chapter 11
11. Chapter 12
12. Chapter 13
13. Chapter 14
14. Chapter 17
15. Chapter 20

Welcome to Supplier Diversity For Dummies. As I embarked on this project, the timing for this book couldnt have been more perfect given the predictions about entrepreneurship, demographic growth, and the workplace of the future. It has been an honor to write the first-ever book of this type in this series. Im Kathey K. Porter, MBA, MSE, CPSD, and Ive held a variety of leadership roles in supplier diversity and now as a supplier diversity consultant with a minority-, woman-, and veteran-owned business. My experiences (both professional and personal) have prepared me to create this work, and Im excited to be able to share with you what Ive learned along the way.

Supplier Diversity For Dummies is your one-stop resource guide to get a comprehensive understanding of what supplier diversity is all about, how it contributes to an organizations success, what your role is as a leader, and how to implement supplier diversity in every area of your organization. In this book, I explain everything from the common terminology to the continued evolution of supplier diversity to how outside factors influence your organizational policies. I also cover strategies for tasks like these:

• Assessing your organizations current culture and cultivating and sustaining inclusion and equity programs
• Making the business case for supplier diversity and addressing the obstacles to supplier diversity
• Aligning supplier diversity with your organizations strategic priorities and creating a supplier diversity strategic plan
• Measuring the success of your supplier diversity efforts
• Fostering partnerships with the community to drive supplier diversity efforts

Throughout this book, I share from my experience, proven strategies, and results achieved as a supplier diversity leader across a number of industries, including government and higher education, an advocate with leading agencies, and a consultant to several global organizations. I also bring a personal perspective as an entrepreneur who frequently utilizes these programs. Im also happy to share insights from other leading professionals and historians in this space.

This book answers questions, explains misnomers, and addresses concerns that I receive from supplier diversity and procurement leaders across the country. True to the For Dummies form, it demystifies supplier diversity to make it practical, understandable, accessible, and implementable. My hope is that it speaks to everyone with an interest in supplier diversity, from seasoned professionals to new practitioners to stakeholders responsible for leading this effort to senior leaders at the top. In other words, leaders at all levels can benefit from this book.

I want to quickly point out a few things to help you better navigate and use this book:

• Important terms and key words are in italics and are followed with a quick definition or explanation.
• Keywords and action steps in lists appear in bold.
• Sidebars (look for the shaded boxes) feature content thats interesting and informative but not essential to your understanding of a topic. If youre wanting to get in and out quickly, you can safely skip them.