Certified Professional in Supplier Diversity (CPSD) Practice Test 12

A large corporation has implemented a supplier diversity initiative aimed at increasing the participation of minority-owned businesses in its supply chain. After one year, the corporation conducted a review of its supplier diversity program and found that while the number of contracts awarded to minority-owned suppliers increased by 25%, the overall spend with these suppliers only accounted for 10% of the total procurement budget. Given this scenario, which of the following lessons learned could be most critical for enhancing the effectiveness of future supplier diversity initiatives?