What is the function of surveys in the context of supplier diversity?

Surveys play a vital role in supplier diversity by gathering feedback from internal customers and suppliers. This feedback is crucial for understanding the effectiveness of current diversity initiatives, identifying areas for improvement, and ensuring that diverse suppliers are meeting the needs of the organization. Engaging with both internal stakeholders, who can provide insights into their experiences and challenges with supply chain processes, as well as diverse suppliers, who can share their perspectives and needs, enables organizations to build stronger relationships and create a more inclusive supplier base.

The information collected through surveys helps organizations track their progress in supplier diversity, make informed decisions about their supplier selection, and develop strategies to enhance diversity and inclusion efforts within their procurement processes. This feedback loop can drive continuous improvement and foster an environment that values diversity in the supply chain.