Certification in Supplier Diversity Practice Exam

In the proposal process, what is NOT one of the three steps where supply professionals can identify opportunities for diverse suppliers?

1. Origination

2. Execution

3. Qualification

4. Negotiation

The correct answer is: Execution

In the proposal process, the identification of opportunities for diverse suppliers typically involves three key steps: origination, qualification, and negotiation. During the origination phase, supply professionals explore potential needs and gather information on diverse suppliers that could fulfill those needs. The qualification stage allows for a deeper assessment of the capabilities, qualifications, and fit of diverse suppliers. Negotiation, however, is primarily focused on finalizing the terms of a contract and working out agreements after supplier options have already been identified and considered. While negotiations can still highlight diverse suppliers who fit the final criteria, it isn’t a primary step for identifying new opportunities. Therefore, the omission of negotiation in the context of identifying opportunities for diverse suppliers is accurate, as it pertains more to finalizing supplier selection than finding new diverse suppliers to engage in the process.