Procurement women are not common in the business. Although 1/3rd of business firms are under the management or ownership of women, these businesses do not get procurement opportunities that businesses owned by males get. This has a big impact on the progression of businesses, as the 1/3rd that women represent as business owners might make a big change in the market if they are given the same opportunity at federal contracts that other businesses do. Here are some of the other advantages that procurement women can impact on business.

  • Economic Growth

1/3rd of businesses are owned by women. Giving them the equal opportunity to compete for federal contracts will improve economics by the number of eligible participants. Eligible participation of businesses, owned by women or otherwise, improve competitiveness for businesses and promote diversity because of the increase because of the amount of competitors businesses have.

  • Improved Gender Dynamics

The discrimination between men and women, particularly in business, is often ignored. Men usually take the driver’s seat when it comes to owning a business. Women are represented by their husbands instead of themselves when making business decisions. Bringing women to a level playing field will not only improve the outlook for abolishment of gender inequality, but will also contribute to business growth. Women who represent themselves offer a more transparent business deal, and men will start getting used to the idea of working for women who are not necessarily a level below them.

  • Business Equality

Fair access to procurement women from federal contracting officers not only ensures economic growth, but the betterment of equality in business as well. This will encourage talented women in the field of business to get into procurement and add innovation to businesses. Regardless of whether they own the business or if they hold stocks in a business, businesses that otherwise do not have a chance because they are owned by women will have a chance to compete for federal contracts.

  • Labor force improvement

Procurement women add to the labor force in a very positive way. Giving them the right to make decisions regarding procurement will broaden options for any business. This will also make sure that everyone, not just men, get a say in what happens to a business. Contrary to very negative myths about women in business, they can make decisions as well as anyone else’s even in procurement.

  • Diversity

Procurement women, when given the equality they deserve, will offer diversity in the business. Different points of view offered by both men and women are very important when it comes to business matters. There are simply some points of view that women can bring to any table, including the procurement industry.

Women in procurement will not only add to the diversity of business ownership, but also allow women equal opportunity to compete in businesses they were not able to in the past. Having women in procurement not only diversify options and broaden horizons for procurement, but also bring in some of the most brilliant people in business. Equality in procurement for women will improve the economy far greater than researchers can imagine in this field. Further research will only support procurement women and prove that they can bring just as much in business as men do.

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