SME Services

Services for SME & Diverse Businesses

Supplier Diversity is concerned with ensuring that all businesses, irrespective of their ethnicity, gender and disability status of the people who own and manage that company, have the same opportunities to compete for the supply of goods and services as other suppliers. By broadening the diversity of the supplier base, a company can gain access to new ideas, increase competition and receive better value for money. This will better serve our clients and end consumers.

Supplier Diversity is not about favouring specific suppliers, it is about creating equality of opportunity.

VendorRisk can partner with you to breakdown barriers that exists when planning to work with large/multi-national companies. Many well known entities are progressing their plans to establish supplier diversity programs which form part of the overall CSR strategy.

Strategic Sourcing/Procurement departments are spearheading the supplier diversity initiatives therefore use our "insider knowledge" to your advantage.

By using our simple tailor made service, you can portray a pro-active stance to your potential clients and differentiate your company from the competition (the competitive edge to succeed).

(a) Vendor on-boarding Risk Report

Large/multi-national companies are required to mitigate risk, be it for regulatory reasons or internal policy compliance.

You can proactively assist these companies to mitigate risk by supplying them with your Vendor Risk Report during tender submissions or initial opportunity discussions.

The Vendor Risk Report is a document that summarises the risk assessment findings conducted on your business covering its financial stability and reputational risk.

Please refer to the Risk Management tab for more information or contact us to have a more in depth discussion on how this program can assist your business.

(b) Advise & guidance to breakdown barriers to working with large/multinational companies

Advise on bid response methodology (RFI/RFQ/RFP/E-RFX);
Category/commodity alignment;
Supplier chain integration;
Who to approach and how;
Supplier diversity organisations;
Insurance cover;
Quality of service and presentation;

The package we offer is a combination of (a) and (b).

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