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A vice president of sourcing is concerned that sourcing managers are not consistently including diverse suppliers in competitive bidding events, even though the organization has a formal supplier diversity program in place. Which of the following is the BEST action for the VP to take to increase inclusion of diverse suppliers?
Correct Answer: D
* Supplier Diversity Importance: Ensuring the inclusion of diverse suppliers in competitive bidding processes aligns with organizational goals and promotes a fair and inclusive procurement strategy. * Tangible Action: Encouraging the inclusion of at least one diverse supplier in every sourcing event creates a concrete, actionable step that sourcing managers can implement immediately. * Increased Opportunities: This approach guarantees that diverse suppliers have a consistent opportunity to participate, which can lead to a more diverse and competitive supplier base. * Accountability and Measurement: Setting a clear inclusion requirement helps in tracking and measuring the effectiveness of the supplier diversity program. * Reference: Supplier diversity best practices highlight the importance of specific inclusion goals. Resources such as the National Minority Supplier Development Council (NMSDC) and various procurement best practice guides support this approach.