Supplier Diversity

Boston University has developed a Supplier Diversity Program to align with goals and objectives outlined in Boston University’s Strategic Plan. Our primary goal is to create a more diverse and inclusive supplier base and provide increased access and opportunity to underrepresented diverse businesses, both locally and nationally, to provide products and service to the Boston University community. By increasing the competitive landscape for Boston University business opportunities, departments can achieve best total value when contracting for goods and services and realize valuable cost savings, which can be leveraged for more strategic initiatives.

 

Vision Statement: To be the leader amongst peer urban research universities (AAU) in providing increased access and opportunity to certified diverse businesses.

Supplier Diversity Dashboard

Working with Continuous Improvement and Data Analytics (CIDA), Sourcing and Procurement has developed a Supplier Diversity Dashboard in PowerBI to allow faculty and staff to view and evaluate diversity spend metrics, including trend analysis. Viewing-access is automatically filtered based on the user’s role and access to fund center data in the SAP system. Please click here to view the Supplier Diversity Dashboard Training.

 

Our Internal Commitment to Boston University Requisitioners

We are committed to delivering resources to our Requisitioner community by delivering on best practices, including:.

  • Providing a searchable database by spend commodities and diversity classification
  • Proactively including diverse suppliers in formal Request for Proposal (RFP) events, including smaller dollar purchases when departments request quotes (RFQ) through Fairmarkit.
  • Offering departmental spend metrics and helping departments achieve their diverse supplier goals
  • Arranging introductory meetings with diverse suppliers which meet department requirements
  • Working with existing strategic suppliers to expand their secondary supplier network with diverse businesses
  • Assessing standard contract requirements, including insurance, with diverse small businesses to reduce barriers to working with Boston University

Supplier Certifications

Our inclusion practice drives suppliers to deliver best total value to Boston University, including quality, service, and cost, while promoting economic growth to our target demographic of diverse businesses. Businesses recognized as a diverse supplier undergo a formal certification process by applying through the State or a national certifying agency. We aim to work with certified diverse suppliers with the following certifications:

*SBEs are not included in Boston University’s diversity metrics unless there is another qualifying diverse attribute.

Our Internal Commitment to Boston University Requisitioners

We are committed to delivering resources to our Requisitioner community by delivering on best practices, including:

  • Providing a searchable database by spend commodities and diversity classification
  • Proactively including diverse suppliers in formal Request for Proposal (RFP) events, including smaller dollar purchases when departments request quotes (RFQ) through Fairmarkit.
  • Offering departmental spend metrics and helping departments achieve their diverse supplier goals
  • Arranging introductory meetings with diverse suppliers which meet department requirements
  • Working with existing strategic suppliers to expand their secondary supplier network with diverse businesses
  • Assessing standard contract requirements, including insurance, with diverse small businesses to reduce barriers to working with Boston University

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