What is Supplier Diversity?

What is Supplier Diversity?

Diverse Suppliers are defined as US-headquartered businesses that fall within at least one or more of the following business types as validated on SAM.gov or verified through self-identification.

It is important to know the definitions of different diversity classifications in order to understand your suppliers better. The following is a list of diversity classifications that we keep track of here at SupplierGATEWAY. We will go into detail later on in this lesson about the definitions of what makes a supplier fit into one or more of these diverse categories.

-Minority Business Enterprise
-Women’s Business Enterprise

-Veteran Business Enterprise

-Disability-Owned Business Enterprise

-Small Business

-HUBZone Small Business

-LGBTQ-Owned Business Enterprise

Why is supplier diversity important?

Utilizing small and diverse owned enterprises allow for the space to create growth, opportunity, and impact for these business on a local and global scale.