As encouraged by many state and federal government organizations, a supplier diversity program is important for any organization to ensure that women, minority, and disabled veteran-owned business enterprises are provided the maximum practicable opportunity. Supplier diversity reporting automatically syncs diversity suppliers in the system with agency’s published lists.
Organizations are encouraged by many state and federal government organizations, to seek out qualified small businesses including small disadvantaged-, disabled veteran-, and women-owned businesses who can perform services or provide materials. Having a diverse supplier base strengthens the ability to conduct business across all cultures and geographies. However, beyond tracking a few suppliers, complying with a supplier diversity program with your PeopleSoft application can be an arduous, manually intensive and time-consuming task.