Latest / The Buyer's Side with Fexingo: Procurement, Sourcing, and B2B Purchasing Decisions
How Procurement Teams Build Supplier Diversity Programs
In this episode of The Buyer's Side, Lucas and Luna explore how major corporate buyers are restructuring their sourcing strategies to prioritize supplier diversity. We look at the specific mechanics of setting spend targets for minority-owned businesses, the friction of verifying certifications like those from NMSDC or WBENC, and why diversity is becoming a non-negotiable line item in annual procurement budgets. We also examine the hidden costs of compliance versus the long-term resilience benefits of a broader supplier base.
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The skinny
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