Procurement

In 2021, Indianapolis was ranked 55 of out 58 metros in the number of Black-owned businesses. Through Business Equity for Indy’s (BEI) Procurement pillar, Black Business Enterprises (BBEs) have access to several services that aim to grow business. In addition, to supplier resources, the Procurement task force hosts a quarterly Procurement Roundtable—recognized as a 2023 Mira Award Nominee – to ensure that suppliers have access to purchasers across the Indy region.

Procurement Roundtable

The Business Equity for Indy (BEI) Procurement Roundtable is focused on increasing the launch, growth, and success rates of Black-owned enterprises by facilitating relationships, creating opportunities, and positioning suppliers to gain access to new business contracts. These in-person, quarterly events feature Black-owned suppliers who will briefly give a presentation of their business. Procurement Roundtable events are free to attend and registration goes quickly. We invite you to stay connected to the procurement team by signing up for the email newsletter.

Join the Procurement Roundtable!

Available for BEI Members and Non-Members
Connect with the Procurement Taskforce by emailing Christina Snorten, procurement program manager, at csnorten@indychamber.com.
PurchaserSupplier

Peer Advisor Program

Through the Peer Advisor Program, supplier diversity professionals have access to support, resources, and expertise that will help them advance equity initiatives in their workplaces. Through the Procurement Roundtable, peer advisors aid participating companies in improving organizational infrastructure to support and expand inclusive procurement practices. The Peer Advisor Program takes place via monthly meetings where participants can build relationships, dissect challenges, and obtain tailored information to help them drive change.

Eight Best Practices
for Supplier Diversity

Companies that have signed up for the Procurement Roundtable, an ongoing workshop hosted by the Procurement and Participation Task Force, have made a commitment to adopt eight national best practices to increase supplier diversity. The eight best practices for supplier diversity ensure corporate commitments at the highest level to ensure action to increase equity. The eight best practices include:

RESOURCE

Assign an individual or resource a Supplier Diversity position/team with accountability to facilitate corporate Black Business Enterprises’ goals and drive best practices.

PRIORITIZE

Include supplier diversity goals and metrics on the highest-level of corporate scorecards.

SET GOALS

Establish short and long-term spend and utilization goals for Black Business Enterprises; Track and report XBE spend and utilization data at the subcategory level.

ESTABLISH

Develop relationships through various means including creating a mentoring program with spots reserved specifically for Black Business Enterprises.

TRAIN

Implement supplier diversity training for all employees’ middle management and above.

SUPPORT

Develop flexible payment options for Black Business Enterprises’ suppliers (net 30/net 14) and provide complimentary two-year membership to a business support organization.

COLLABORATE

Join and actively participate in Mid-States Minority Supplier Development Council.

INVEST

Contribute annually to support the BEI Procurement Roundtable program to help small and midsize Black Business Enterprises scale capabilities.

Resources and Upcoming Events

Event

Save the Date: Q4 Procurement Roundtable - November 9, 2023

You are warmly invited to our next installment of Business Equity for Indy (BEI) Procurement Roundtable Supplier Meet & Greet. Join us for networking, food, and opportunities to strengthen your supplier diversity. The workshop is free for businesses of all sizes to attend and will take place in person at the Eiteljorg Museum of American Indians and Western Art. More details coming soon!

Past Procurement Roundtables

View videos of past Procurement Roundtable events to catch up on content from previous workshops.

Resources and Recommendations

View BEI’s full library of resources and recommendations for businesses.

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