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Supplier Intelligence

4 Supplier Diversity Best Practices You’re Not Following

Let's talk about why your supplier diversity program is underperforming.

You want to diversify your supplier base. You create a position for a supplier diversity manager and hire someone with the appropriate qualifications. You step back and let your new supplier diversity professional get to work. The results are underwhelming. Why? Because just like you wouldn't expect to undertake a long road trip without directions to your destination, no matter how passionate you are about supplier diversity, if you're not following best practices, your efforts will be ineffective:

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Using Technology to Enhance a Supplier Development Program


We rely on technology to ease our way in so many areas of our lives, from the automatic coffee maker ensuring we have that first blessed cup in the morning to smartphones that keep us connected to people and information throughout the day. It's time to embrace how technology can enhance our supplier development programs so that we spend less time grinding the coffee by hand and more time connecting with our suppliers.

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How Often Should Data Enrichment Be on Your Radar?

Did you know that every year approximately one-third of supplier data become outdated? That's disheartening news if you're still spending hours and hours manually entering and verifying supplier data. Manually adding and verifying supplier information is time-consuming and costly. Unfortunately, because we are human, manual data preparation is also a guaranteed path to data inaccuracy.

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When Supplier Diversity Meets the Super Bowl

Well, somehow they've done it again: Tom Brady and the Patriots won another Super Bowl Title. Whether you're happy, sad, or indifferent, we can all agree Super Bowl LI was nothing short of spectacular. Since the Patriots have left Houston with a shiny new trophy, hundreds of local diverse businesses concluded the NFL postseason with a boost in their business. These diverse suppliers were able to benefit from one of the world's most popular events thanks to an NFL initiative called the Business Connect Program.

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What Black History Month Means for Supplier Diversity

February is Black History Month in the U.S. and Canada. Throughout the month, we celebrate achievements by black Americans through cultural and institutional programs: Schools focus curriculum on the central role of African Americans in U.S. history. The NAACP Image Awards recognize current achievements in the arts. Articles pop up with advice on how to learn more about black history, heritage, culture, and how to support black-owned businesses and non-profits.

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For over a decade CVM's mission has remained unchanged: lead the transformation of Supplier Diversity program management and support Supplier Diversity programs. CVM helps corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to the most advanced, world-class programs. Equipped with unparalleled data intelligence, superior technology and expertise guidance, businesses can effectively establish and advance their Supplier Diversity initiatives.