Supplier Diversity
The RiskVersity Team brings over 70 years of combined experience in planning, development and execution of successful supplier diversity, equity and inclusion programs, processes, and strategic initiatives. Together, we offer an exceptional team to provide the leadership needed in the development of proper supplier diversity programs.
Supplier Diversity, Equity, and Inclusion (SDEI) Program Tenet
RiskVersity works with our clients to design, build, and sustain world-class SDEI programs. Our approach includes cornerstone aspects such as:
SD Leadership Commitment
Securing top-down commitment and ongoing engagement of CEO and other C-Suite Executives as well as defining operational resources, technology, and budget
SD Policy & Procedure
Establishing an inclusive procurement policy of considering and doing business with diverse suppliers as part of the sourcing and bid process; Developing a strategic plan that aligns with DEI and Procurement objectives
SD Council of Excellence Steering Committee
Charging a group comprised of key staff for ensuring the process is systemic throughout the organization with accountability
SD Benchmark for Diverse Spend Goals
Establishing organization-wide supplier diversity goals and objectives from internal benchmark data
SD Reporting
Developing protocol and identifying metrics for diverse spend reporting
SD Stakeholder Engagement
Establishing internal and external relationships and identifying resources to support business practices, i.e., advocacy, certification, strategic sourcing, bid participation
SD Education
Providing senior executives and management coaching and counsel
SD Second Tier
Establishing second tier objectives to further increase diverse spend impact
SD Industry Benchmarking
Comparing best industry practice against existing processes to assess performance (In that insurance organizations are lagging in supplier diversity
SD Sustainability
Ensuring utilization and retention of diverse suppliers long-term through defensible strategies
For more information about our Supplier Diversity Equity and Inclusion programs, please contact info@riskversity.com.