SUPPLIER DIVERSITY BUSINESS SIZE AND CLASSIFICATION FORM 2025

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A certified diverse supplier can clearly demonstrate that their business is at least 51% owned, operated, and managed by a diverse person or group of members by presenting a certificate issued by an independent certifying government agency, quasi-government or nongovernmental-organization (NGO).
What is supplier diversity? Supplier diversity is a business strategy of incorporating diverse-owned businesses, suppliers and vendors into a companys supply chain and business practices.
Minority-Owned Business Enterprise (MBE): A minority-owned business (might be large or small) is defined as a business that is owned, managed, and controlled 51% or more by one or more persons who identify with one or more of the following ethnic/racial categories: African American or Black, Asian, Hispanic or Latino,
What is Supplier Diversity? Traditionally, Supplier diversity is an approach in ensuring all businesses, regardless of their size/location/background have the same opportunities to compete for the supply of goods and services. The goal is to create greater diversity of suppliers within SSEs supply chain.
You can measure or assess supplier diversity by analyzing overall procurement spend and comparing it to diverse procurement spend, or the percentage of spend done with diverse suppliers. You can then drill into your data to find out how much, if any, was spent with woman- or Veteran-owned businesses, for example.

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At least 51% of the business is owned and operated by one or more members of a disadvantaged minority group. These groups include: African American, Asian Pacific American, Hispanic American, Native American, or Subcontinent Asian American. Woman-Owned. At least 51% of the business is owned and operated by women.
Supplier diversity refers to a business strategy that emphasizes sourcing products services. These can be from a wide range of suppliers. Particularly those owned by individuals from underrepresented groups come under this umbrella. For example, minorities, women, veterans, LGBTQ+, people with disabilities etc.

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