Supplier Intelligence

Chief Diversity Officers: Still Relevant to Supplier Diversity?

In 2012, a Wall Street Journal article cited a study that found that approximately 60 percent of Fortune 500 companies had a Chief Diversity Officer (CDO) or an executive role designated with overseeing diversity within the organization. While most of the discussion about the role of CDOs revolves around attracting and retaining minority talent, a CDO can and should be involved with supplier diversity as well.

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Top 6 Things to Look for in Supplier Management Software

Are your supplier diversity personnel spending their time working with suppliers in order to build capacity and find new opportunities, or are they mired in time-consuming tasks like verifying supplier status and cross-checking data? If the latter sounds familiar, it's time to invest in comprehensive supplier management software in order to make your job easier.

When looking for a supplier management software solution, you want something that does more than track spend—you want a solution that streamlines processes, insures compliance, and offers custom reporting, all backed by accurate data. Here are six things to look for:

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The Importance of Supplier Diversity in the Automobile Industry

As supplier diversity programs and initiatives started to become formal corporate programs during the 1980s, it became clear that the Detroit-based U.S. automotive industry would need to be a major contributor and catalyst for the success of minority-owned firms in creating supply-chain opportunities.

A recent article in the Michigan Chronicle Online sets forth the case that business diversity in the automotive industry actually has contributed to a much stronger and more robust industry, noting that the mass production of the automobile, pioneered by Henry Ford around the turn of the 20th century, has evolved as a magnet for business, jobs, economic empowerment, and upward mobility.

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Supporting Women-Owned Businesses with Supplier Diversity Programs

Business enterprises headed by women are on the rise, according to various reports such as the State of Women-Owned Businesses Report by American Express OPEN.

That report puts the growth of women-owned firms increasing by one-and-a-half times the national average between 1997 and 2015. There are now 11.3 million women-owned businesses in the United States, employing nearly nine million people and generating more than $1.6 trillion in revenues, according to American Express OPEN.

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Should Hollywood Reflect Supplier Diversity Best Practices?

Hollywood, amid all the glamor and glitz of an industry whose global box-office sales reached $38.3 billion in 2015, is under increasing scrutiny to improve its diversity practices. Many believe Hollywood should be doing a much better job with diversity and that adopting best practices successful in other industries would be a good start.

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For over a decade CVM's mission has remained unchanged, to lead the transformation of Supplier Diversity program management and to 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.