Supply Chain Management Professional (SCMP) · Question
The primary objective of developing a robust supplier diversity program is to:
Supplier diversity programs aim to broaden the supplier base to include businesses owned by diverse groups, promoting innovation and economic impact.
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Question: The primary objective of developing a robust supplier diversity program is to:
Answer options:
- Always achieve the lowest possible price.
- Reduce the number of suppliers. ✅ Foster competition, innovation, and support minority/underrepresented businesses.
- Simplify procurement processes.
Correct answer: Foster competition, innovation, and support minority/underrepresented businesses.
Explanation: Supplier diversity programs aim to broaden the supplier base to include businesses owned by diverse groups, promoting innovation and economic impact.
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