A diverse supplier is a business that is at least 51% owned and operated by an individual or group that is part of a traditionally underrepresented or underserved group. This ownership structure is significant because it helps address systemic inequalities, and drives a more inclusive economy that benefits society as a whole. Common classifications are minority-owned enterprises (MBEs), woman-owned enterprises (WBEs), and small-business enterprises (SBEs), along with businesses owned by many other minority groups.
Direct Mail Depot (DMD) is a certified National Minority Business Enterprise (MBE) and a woman-owned, managed, and controlled business. DMD is also a member of the National Minority Supplier Development Council, and is one of the very few direct mail production companies in the nation to be a certified by the NMSDC. This certification has allowed us to collaborate with organizations that value diversity, create opportunities for local community employment, and contribute to initiatives that support economic inclusion.
MBEs are central to economic prosperity.
MBEs generate billions in annual revenue, they support millions of jobs, they drive innovation, and strengthen our communities. Their success is everyone’s success. DMD is committed to the growth and development of minority enterprises.
Diversity is a powerful asset for your business. By bringing together a variety of perspectives and experiences, a diverse workforce invites innovation and a deeper understanding of your customer base.
Key benefits of workplace diversity include:
- Increased Innovation and Creativity: Teams with diverse backgrounds generate fresh ideas and creative solutions.
- Better Decision-Making: Considering multiple perspectives leads to more informed and balanced choices.
- Enhanced Problem-Solving: Different viewpoints improve the ability to identify and resolve challenges.
- Higher Employee Engagement and Retention: Employees feel valued and included when diversity is prioritized.
- Stronger Market Insight: A varied workforce better connects with and serves a broad customer audience.
- Improved Brand Reputation: Emphasizing diversity builds a positive image and attracts top-tier talent.
A diverse and inclusive supply chain:
- Lowers costs and boosts efficiency through increased sourcing options.
- Broadens the supplier network by encouraging partnerships with Tier 1 and Tier 2 providers, like DMD, offering distinctive solutions.
- Promotes supplier competition, driving innovative and creative approaches to meet market needs.
- Improves product standards and excellence.
- Boosts brand awareness and reputation.
- Supports economic development through job creation.
DMD Tips
- Establish clear diversity goals and metrics. Define specific targets such as increasing the percentage of spend with diverse suppliers and track progress through regular reporting.
- Integrate diversity into the overall procurement strategy. Include diverse supplier requirements in RFPs and actively seek partnerships with certified minority- and women-owned businesses.
- Collaborate with internal stakeholders, and implement training programs. Work with teams to identify opportunities for diverse suppliers and offer training to ensure inclusive decision-making.
Businesses that work with diverse suppliers, like Direct Mail Depot, often enjoy better-quality products and services, lower costs, and increased innovation. By diversifying your supply chain, you create a network of partners that contribute to the success of your company.