Gender Diversity Issues in Procurement & Technology

e-Procurement’s Role in Gender Diversity

A recent memo by a former Google employee has made gender diversity a hot topic in the news. Recently, a Google employee sent out a memo claiming that biological differences play a role in the imbalance of men-held to women-held roles in tech and leadership. The author was subsequently let go and Google released statements regarding their ongoing commitment to diversity.

Gender diversity is not an issue only affecting the tech industry. People are affected by this in virtually every industry. Everyone should be asking, “how can I improve the situation in my own sphere of influence?

UN Women recently reported on the powerful position corporations are in to close the gender gap through procurement and sourcing. Through promoting women-owned businesses, businesses using procurement can promote their stance on gender diversity and have a significant impact on the businesses, too.

According to a recent Spend Matters article about the report, “The World Economic Forum has found that gender equality is positively correlated with the country’s gross domestic product and level of competitiveness. Similarly, the World Bank has reported that “underused or misallocated” female labor leads to economic losses.”

Some may argue that promoting women-businesses may harm their own bottom line, but the exact opposite is true. Studies by the Hackett Group show that companies with supplier diversity programs actually see better ROI than those that do not.

Diversifying your suppliers will not only improve your own business, but will also help play a role in a much bigger social issue. We each play a part in making this world a better place.

How Vroozi Promotes Women-Owned Businesses

Did you know Vroozi can help you simply and easily purchase from women-owned businesses? Our search features allow you to see which suppliers fit your needs and social causes you care about most.

To learn more, sign up for a Live Demo today.

Source: Spend Matters, How Procurement and Sourcing Can Help Close the Gender Gap: UN Women Report