As of March 31st, 2012, Astra (WBENC) WBEs employ 20,768 people and are generating over $4 billion dollars annually in revenue. Women-owned businesses in the West are thriving. As a regional network our reach is wide. Located in 6 states, 33% of Astra’s WBEs describe themselves as ethnically diverse. Working together,we make a big impact in our region.
As diverse businesses, WBEs, can further boost the network by establishing and implementing their own Supplier Diversity Program. Astra is often asked, “What are best practices for developing a Supplier Diversity Program?” Here are a few simple recommendations:
Be committed. A diversity program can be part of your organization’s overall strategic plan. If you haven’t already done it, just add a diversity pledge to your company’s core values & mention it in the “About Us” section of your website.
Be Specific. Determine your level of commitment. As a WBENC WBE, you already are committed to diversity. Take a minute and document your goals as a part of your budgeting process.
Be Accountable. Do a quick review. You are probably already buying from diverse suppliers. Simply write down how you can capture, monitor & report your diversity spend. This is easy to include in your policy & procedures handbook.
Be Visible. In addition, to displaying your WBENC badge, add a link to your diversity pledge & include “stories” in your company’s messaging. Remember to report your Done Deals or nominate your best customer for an “Advocacy Award” by completing the form below.