• Creating Gender Equality Through Procurement - POLICY

    Femeconomy has partnered with The 30% Club and leading Australian Board Directors to develop a Gender Equality Procurement Policy, to support organisations to implement procurement strategies that create gender equality across their supply chains, and foster ethical supply practices.

    Whether your organisation is a sole trader, small business, medium sized business, not-for-profit, government entity, or large corporation, you can choose to include women led businesses in your supply chain.

    Every budget owner has the power to take action to be consciously inclusive of women led businesses. Research shows this leads to greater profitability, and better organisational outcomes.

    Your action could be as simple as setting a goal that at minimum one women led business is included in every procurement/request for quote.

    You can download the full Creating Gender Equality Through Procurement POLICY here - https://femeconomy.com/policy-creating-gender-equality-through-procurement/

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  • Answers (2)

  • Helen Mackenzie

    13/08/2020 08:23AM

    Thanks for sharing Jade

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  • Larry Ramirez

    26/08/2020 11:13PM

    Interesting. As a minority myself (within the US) I value the need for measures that seek to foster inclusion. That said, if I am looking at this in black and white (I get the world isn't black and white), as a procurement manager, I am evaluating my suppliers based on specific criteria that tells me whether or not they can provide me with the best quality at the lowest cost with great customer service. Fortunately for me, I do not work for a government agency so I do not have to place as one of the criteria gender requirements.

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    Jade Collins Hi Larry, thanks for sharing your experience. Most procurement professionals we speak with are evaluating suppliers on excellence against quality, cost and service. Most women owned businesses certainly fulfil these criteria. We’ve been speaking with a number of corporate procurement professionals recently who also have a commitment to ethical supply and corporate social responsibility.

    Currently women owned businesses access 1% of the global procurement market, as a consequence of being a historically disadvantaged group (not a minority – they are over 50% of population in Australia), and in order for them to have access to corporate procurement opportunities, there does need to be a conscious attempt and structural shift, to include them in networks they do not currently have access to. I know this has been embedded in legislation in the US for a decade or more, but it’s still a new concept in Australia. The purpose of the Toolkit is to build awareness and understanding of how to include women owned businesses in your supply chain.

    28/08/2020 01:01AM

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