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Supplier Intelligence

7 Key Insights into the State of Supplier Diversity in 2017

We at CVM Solutions wanted to learn more about the state of supplier diversity in 2017. We wanted to know what was happening in the trenches, from the supplier diversity professionals throwing all their energy into ensuring their programs are identifying, contracting, and developing diverse suppliers. So, we decided to ask them.

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The 7 Main Characteristics of a Supplier Diversity Program

The term “supplier diversity” is used often these days, but for companies that are striving or are mandated to increase diverse spend in their supply chains, establishing, maintaining, and growing a supplier diversity program isn’t so clear-cut. In short, supplier diversity is (defined more in this post here) a strategy to achieve a more diverse supplier base, emphasizing the inclusion of vendors such as minority-owned business enterprises, women-owned business enterprises, small businesses, LGBT-owned businesses, and veteran- and disabled-owned businesses.

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How Much Should I Spend on Supplier Management Software?

Between 2007 and 2016, members of the Billion Dollar Roundtable increased their Tier 1 MWBE spend by 140 percent, from $30 billion to $72 billion. The jump is impressive, but it didn’t occur without hard work, due diligence, and an investment in the process.

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10 Invaluable Supplier Diversity Certifications

Certification is an incredibly important step for businesses hoping to attract the attention of large companies’ supplier diversity programs. Becoming certified increases the odds of being sought out and found by those programs, which may not even consider a diverse business unless it’s officially registered.

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CVM Solutions Publishes Industry-First State of Supplier Diversity Reports

Supplier Diversity Technology Leader Interviewed Industry Professionals, Diverse Businesses to Generate Pair of Revealing Reports

CVM Solutions, a Kroll company and leading provider of supplier diversity technology, data, and services, today announced the results of two supplier diversity surveys it conducted earlier this year, creating the first annual State of Supplier Diversity Reports. Reports examining the results of these surveys can be downloaded at http://info.cvmsolutions.com/download-the-2017-state-of-supplier-diversity-reports.

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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.