A supply manager is planning a major sourcing event and wants to increase competition, especially...

Objective: The supply manager aims to increase competition and encourage participation from small and minority-owned businesses while maintaining fairness.

Expanding Advertising: Broadening the advertising reach for bidding opportunities ensures that diverse suppliers are aware of and can participate in the sourcing event.

Inclusivity: This approach promotes inclusivity by making information about opportunities accessible to a wider audience, increasing the likelihood of diverse suppliers bidding.

Fairness: Ensuring that bidding opportunities are well-publicized helps maintain a level playing field for all potential suppliers.

References

ISM. (n.d.). Promoting Supplier Diversity in Procurement.

CIPS. (n.d.). Strategies for Inclusive Supplier Engagement.