“Connection strategies” focus on connecting existing local and diverse vendors to contracting opportunities within your institution. Often, traditional procurement practices create barriers for local and diverse vendors—even cost-competitive local and diverse vendors. Adjusting internal practices to facilitate connections with local vendors not only shifts procurement dollars in a way that fosters local employment, which in turn promotes community health, but it also grows these businesses over time, allowing for a more responsive and resilient supply chain.
Core elements of localizing your spend
- Shift from lowest price to best value
- Establish local/diverse spending goals
- Embed goals into RFPs & contracting processes
- Conduct outreach & education ...
Best practices for establishing a buy-local initiative
- Focus on “moveable spend”
- Leverage upcoming projects
- Align with other initiatives
- Unbundle contracts
- Create a full-time coor...
Tools to scale local purchasing efforts
- Develop partnerships with the local business community
- Leverage long-term contracts with distributors, aggregators, and contractors to achieve procurement goals