Office of Supplier and Community Engagement
Mission Statement
The Babson College Office of Supplier and Community Engagement is dedicated to fostering partnerships that promote economic growth and create social impact. We empower small and underserved businesses with support from local communities while advocating for ethical business practices.
Babson College Supplier and Community Engagement Program
B.
Babson’s commitment to expanding the breadth of suppliers the College utilizes and partners with to support operations throughout the Campus
A.
Actively seek to attract qualified small, disadvantaged, and undeserved business enterprises
C.
Commit to increasing opportunity for small, undeserved, veteran-owned (including retired), and socially and economically disadvantaged business enterprises annually
E.
Educate and support small and disadvantaged suppliers within our community.
Importance of Supplier and Community Engagement
- Stronger Relationships:
- Building trust and fostering open communication leads to better collaboration and effective problem-solving.
- Improved Performance:
- Engaged suppliers are more committed to meeting quality standards, delivery timelines, and other performance metrics.
- Innovation:
- Suppliers who feel valued are more likely to share ideas and insights, resulting in new products, processes, and solutions.
- Risk Mitigation:
- Strong relationships help identify and address potential supply chain disruptions early, thereby reducing risks.
- Support for Small and Underserved Businesses:
- Engaging with small and underserved businesses not only expands your supplier base but also provides access to new markets