Certification in Supplier Diversity Practice Exam

Which of the following is a method of providing recognition to diverse suppliers?

1. Joining national groups focused on supplier diversity

2. Limiting supplier participation in events

3. Creating an exclusive supplier network

4. Reducing supplier diversity budget

The correct answer is: Joining national groups focused on supplier diversity

Joining national groups focused on supplier diversity is a method of providing recognition to diverse suppliers because it actively promotes inclusion and celebrates the contributions of diverse suppliers within the supply chain. These groups often provide platforms for networking, sharing best practices, and advocating for the interests of diverse businesses, which can help raise their visibility in the marketplace. Being a part of such national organizations helps to create a supportive environment where diverse suppliers are acknowledged and recognized for their unique offerings, skills, and capabilities. The other options do not serve the purpose of recognition. Limiting supplier participation in events restricts opportunities for diverse suppliers to gain exposure and recognition. Creating an exclusive supplier network may inadvertently exclude diverse suppliers, hindering their acknowledgment and support. Reducing the supplier diversity budget directly undermines efforts to promote and recognize diverse suppliers, limiting resources available for engagement and recognition activities.