Vizient® members are committed to economic development through greater supplier choice. They look to us to offer agreements with high-performing and price-competitive suppliers, as well as provide expertise and robust data reporting capabilities, to help them attain their diversity goals.
Our Supplier Diversity Program supports the development of minority-, woman-, disability-, LGBT- and veteran-owned business enterprises that meet high-quality standards. We also strive to work with suppliers who proactively seek strategic partnerships with diverse companies.
The Vizient Supplier Diversity Program offers many benefits for suppliers and hospitals alike.
Benefits of the Supplier Diversity Program for suppliers
An agreement with Vizient offers suppliers increased efficiency, visibility and credibility. Guided by a highly credentialed contracting process, nationally awarded agreements meet the supply chain needs of more than 100,000 Vizient members. Access to such a diverse customer base is especially important for certified diverse suppliers who are looking to expand their portfolio by offering comparable products at more competitive prices.
To this end, Vizient supports programs that help maximize opportunity, cultivate collaboration and offer mentoring and enrichment for diverse suppliers and small businesses. Encouraging the growth and development of diverse businesses promotes economic sustainability in all our communities.
How supplier diversity helps members
Our Supplier Diversity Program helps members attain their purchasing, healthy community and economic development goals through a comprehensive offering that includes:
- Supply contracts with certified diversity suppliers
Our portfolio of product and service agreements offers members greater choice and drives competition on price, quality, innovation and service. This enables them to foster a supply chain that mirrors the diversity in their own workforce and patient populations.
- Data and analytics support
Our information platform offers exclusive access to not only Tier 1 but Tier 2 diversity spend data, as well as a means to connect with national, local and community diverse suppliers. Optional enhancements enable access to economic impact reporting, data enrichment, risk monitoring and much more.
- Advisory services
Our expert consultative team can help health systems and hospitals develop, implement and enhance their own supplier diversity program through a highly customized, long-term strategy. The engagement could encompass spend analysis, goal setting, development of best sourcing practices and solutions to meet other organizational needs.
Research shows that hospital supplier diversity programs contribute to profitability, and that businesses that embrace diversity and inclusion in general are more profitable than those that do not.
Vizient members have exclusive access to additional resources and information.
Connect with us to learn more about the Vizient supplier diversity program.