It’s no secret that tracking data is the key to improving your supplier diversity program. In order to understand what’s working and what’s not, you need objective feedback to work from. As an added benefit, reporting on supplier diversity metrics is one of the most effective ways to gain C-suite buy-in on new initiatives and locate new growth opportunities.

We frequently talk about corporate sustainability in terms of environmental impact, but the concept goes beyond reducing carbon footprints and limiting packaging waste. These are extremely important endeavors, but to reach overall sustainability goals—to be truly effective—corporate sustainability must involve the entire supply chain, which, in turn, must incorporate supplier diversity.

As more companies and diverse suppliers become aware of the benefits of supplier diversity initiatives, the number of networking conferences around the globe continues to grow. In addition to being powerful partnership opportunities, these events help business leaders learn how to manage and improve their procurement processes. If you’re looking to diversify your supplier base and grow your business, you should consider putting at least a few of these nine conferences on your calendar.

We all love a good “before and after” reveal, whether it's the impossibly gorgeous new kitchen, the restored hot rod, or the glamorous website makeover. Data enrichment gives your enterprise the glam treatment by cleansing, standardizing, and verifying your data to ensure that you're working with accurate, up-to-date information.

The supplier diversity initiative has been around for 50 years now, pioneered by a handful of companies that recognized the importance of supplier diversity as a social program long before it became clear just how much value diverse suppliers bring to the table.