Supplier Inclusion’s Role in Healthcare and Beyond
What is Supplier Inclusion?
Supplier Inclusion means that a company makes a deliberate effort to include businesses, suppliers, and vendors owned and run by people from diverse backgrounds and identities in its supply chain and operations. Diverse-owned businesses are those that have at least 51% ownership by people who belong to groups that have been historically marginalized or underrepresented, such as ethnic minorities, women, veterans, LGBTQIA+ people, and people with disabilities.
Why Supplier Inclusion Matters for Healthcare Organizations?
Supplier Inclusion can be very beneficial for addressing social determinants of health (SDOH) within healthcare systems. By intentionally working with a diverse supplier base, healthcare organizations can contribute to the broader environmental, social, and governance goals, while improving their operational performance and quality. This helps to ensure uninterrupted access to essential goods and services. Supplier Inclusion can significantly impact the health and well-being of communities, especially those that experience social and economic challenges. Healthcare organizations can foster local development, stimulate innovation, and enhance care delivery by collaborating with diverse suppliers.
Why Supplier Inclusion is More Than Just a Program?
Supplier inclusion transcends programmatic initiatives; it’s a strategic imperative for healthcare organizations and beyond. Unlike programs, strategies encompass long-term goals, integrating supplier inclusion into the fabric of organizational culture and operations.
Supplier inclusion can be beneficial for various parts of healthcare operations. It involves a thorough evaluation of the existing supply chain management and a systematic approach for implementing a strategy. Contact us to find out how we can assist you.