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Supplier Intelligence

How to Become a Diverse Supplier to Fortune 500 Companies

As a diverse business owner, you have goals for growing and developing your company, and becoming a diverse supplier to a Fortune 500 company is probably on your list. You have the product/service, you know you can meet a need, but how do you get the opportunity to pitch to the big corporations, let alone become a supplier?

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4 Advantages to Having a Supplier Portal

Managing a supplier database can be a never-ending routine of mind-numbing data entry, verification follow-ups, and frustrating inaccuracies that can lead to unnecessary risks and oversights. Or it can be a painless, streamlined, automated process that provides up-to-date, accurate information at your fingertips and that strengthens your supply chain. What's the difference between these experiences? A customized supplier portal.

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How Supplier Risk Assessment Relates to Supplier Diversity

Perhaps the most famous incident of a supplier being inadvertently responsible for a catastrophic business and reputational loss is the 2013 Target data breach. Cyberattackers obtained system credentials given to an HVAC vendor to access Target’s systems. The result: The payment information of 41 million customers was exposed, as well as contact information of more than 60 million customers. 

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What Is a Supplier Risk Assessment?

Companies need suppliers to provide key functions, goods, and services to thrive. When the supply chain is diverse, organizations benefit even more.

Yet, every vendor you contract, every component you buy for your production line, and every operational necessity you outsource carries added risk. Unless you plan on not using a single supplier at all—which is, of course, virtually impossible—that risk is unavoidable.

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How to Measure Your Supplier Diversity Program's Economic Impact

Supplier diversity has always been focused on growing underserved diversity classes and communities, but the challenge now is how to translate that goal into stakeholder value. How do we prove the value of our supplier diversity programs beyond checking the box on a corporate social responsibility mandate?

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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.