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Supplier Diversity

Supplier Diversity 

Higher education institutions tend to lag in their ability to provide equitable access and opportunities to organizations that are owned or operated by historically underrepresented groups. As a business entity with purchasing power, Rutgers University acknowledges that there is an acute need to address economic disparities by purposefully engaging small, local, and diverse businesses. These partnerships can, in turn, improve access and the distribution of wealth for entrepreneurs who represent the demographics of the communities where we have a presence throughout the state of New Jersey.

This new initiative is an expansion of the ongoing commitment highlighted in the University Equity Audit by increasing the participation of small, local, and diverse suppliers in procurement and contracting activities across the university. Our supplier diversity strategy consists of a multi-year plan to create and execute a new operating model that will leverage engagement of internal stakeholders and small, local businesses, as well as series of pilot programs, culminating in a sustainable framework for universitywide implementation.

"Supplier Diversity Procurement: Rutgers’ Supplier Diversity Program, managed by Procurement, seeks to build business relationships between qualified minority-owned, woman-owned, and veteran-owned business enterprises and the University. IP&O is a significant purveyor of services and materials and follows all Supplier Diversity Program criteria for all procurement activities."

University Equity Audit, page 20

One of our first steps toward this goal is to conduct a supplier diversity survey in partnership with the Statewide Chambers of Commerce, community-based advocacy organizations, and local businesses in the greater Camden, Newark, and New Brunswick areas. The assessment is designed to help the university identify and quantify barriers for small, local, and diverse businesses that have an interest in doing business with the university.

Feedback from the survey, along with the findings from a recently commissioned disparity study will inform the university about current practices and areas for improvement. In time, the universitywide program will support best practices to help Rutgers strengthen business relationships and programs that promote equitable access and partnering opportunities for local and diverse suppliers.
 

Newark 2020

Prior to initiating a universitywide supplier diversity initiative, Rutgers University-Newark, in partnership with The City of Newark and local anchor institutions, launched Hire.Buy.Live.Newark to dramatically reduce poverty and unemployment and to strengthen the city's economy by the beginning of the next decade.

Learn more about Newark 2020 partner organizations and how you can support the “Buy Newark” goal.