Supplier diversity refers to the intentional effort by organizations to actively seek and engage suppliers from diverse backgrounds, including minority-owned, women-owned, veteran-owned, and other traditionally underrepresented businesses. It aims to promote inclusivity, equal opportunities, and economic empowerment by diversifying the supplier base. Supplier diversity programs typically involve setting goals, implementing policies, and establishing processes to identify, evaluate, and support diverse suppliers. By fostering supplier diversity, organizations can enhance competition, drive innovation, support local economies, and contribute to social and economic equity. It also helps build stronger relationships with diverse communities and creates a more inclusive and sustainable business ecosystem.