Certification in Supplier Diversity Practice Exam

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Which method is NOT a recommended outreach effort to increase diverse supplier participation?

Contacting small business trade associations
Networking with large corporations exclusively
Attending diverse business procurement conferences
Participating in matchmaking or networking events

The correct answer is: Networking with large corporations exclusively

Networking with large corporations exclusively is not a recommended outreach effort to increase diverse supplier participation because it limits the scope of engagement to a narrow segment of the supplier ecosystem. The goal of promoting supplier diversity is to engage a wide range of suppliers from various backgrounds, including small businesses, minority-owned businesses, woman-owned businesses, and other underrepresented groups. By focusing only on large corporations, organizations miss the opportunity to create meaningful connections with diverse suppliers who may not be part of that larger corporate landscape but offer unique products, services, and innovative solutions. Effective outreach involves connecting with diverse communities and organizations that empower small businesses and underrepresented suppliers. This holistic approach allows for a richer and more diverse supplier base that can contribute to innovation and economic growth. The other outreach methods mentioned, such as contacting small business trade associations, attending diverse business procurement conferences, and participating in matchmaking or networking events, are all proactive strategies aimed at engaging diverse suppliers. These activities foster broader connections and inclusivity within the supply chain, aligning with the objectives of supplier diversity initiatives.