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Supplier Intelligence

How Supplier Diversity Programs Can Create Opportunities

A continual challenge that supplier diversity professionals face is demonstrating the value their programs offer to their organizations. Diverse spend is an obvious measurement, but some execs might think the money spent on supplier diversity doesn’t make a difference—that cost will go to one vendor or another, so why put extra effort into pinpointing diverse suppliers? 

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5 Intangible (But Still Important) Benefits of Supplier Diversity

Communicating the benefits of supplier diversity programs and initiatives to your C-suite is essential to your program’s success. But how do you convince a numbers-oriented executive, like your CFO, to buy in to your program? You can bring them charts and graphs reporting the tangible benefits of supplier diversity, such as a stronger supply chain and increased revenue, but what about the intangibles? What about those unmeasurable ROIs that come from having a best-in-class supplier diversity program?

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Supplier Diversity Programs vs. Supplier Development Programs

Supplier Diversity Program. Supplier Development Program. While these two programs work in conjunction with each other, they serve different purposes. Let's take a quick look at each program separately, and find out how they complement each other.

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8 Figures Your Supplier Portal Dashboard Should Show

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When searching for the perfect supplier management solution, you probably have a checklist in mind. An ideal solution should streamline processes and reduce administrative workload on an easy-to-use platform. The dashboard should provide easy access to a variety of tools and reports, all designed to improve your supplier management program and let you spend time doing work that matters. 

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Is It Time for a Supplier Development Program?

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CVM’s comprehensive 2017 State of Supplier Diversity Report—Supplier Diversity Programs scrutinized issues and processes faced daily by supplier diversity programs of all sizes, from multiple industries. One topic CVM asked about was supplier development; our survey found that 35 percent of respondents have a formal development program. Another 24 percent of respondents said they engage with informal supplier development efforts.

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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.