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CVM Supplier Diversity Blog

CVM Solutions

Recent Posts

How the Right Partner Ensures Supplier Diversity Success


As emerging businesses grow and expand, additional opportunities to align and incorporate diversity into your company's supply chain are available. Integrating minority- and women-owned businesses is more than meeting a financial target or percentage for demographic supplier representation. Rather, the idea is that emerging businesses in underrepresented communities can add value to your company through the building of mutually beneficial relationships.

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Supplier Diversity Remains Detached—What Do You Do?

The supplier diversity function has had an illustrious history in American business. The idea of supporting minority business enterprises began to materialize the late 1960s and early 1970s amid the civil rights movement, and the function has grown and evolved since as a focal point of corporate America. Milestones along the journey have included the development of third-party certification organizations as a means for assuring minority business status, as well as the inclusion of other ethnic and demographic groups under the supplier diversity umbrella to include women, lesbian, gay, bisexual, and/or transgender (LGBT) individuals, service veterans, and disabled people.

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Discussing the Benefits of a Supplier Diversity Program with Your CFO


The chief financial officer (CFO) is the steward of any organization’s finances. This senior executive, charged with duties that include financial planning, maintaining cash flow, managing financial risk, leading budget management, forecasting, and record-keeping, likely will have a say in all major decisions of the company.

As procurement and supplier diversity managers know, communicating with the CFO on the benefits of supplier diversity programs and initiatives is essential to success. Fully articulating the business case for the supplier diversity program to the CFO, along with other top executives, including the CEO, is always a good idea. The aim is to get buy-in for initiatives from the highest levels of the organization the benefits of business and cultural diversity to the organization.

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Tier 2 Reporting a Key Component of Sustainable SD Programs


If you are looking to expand your supplier diversity efforts and push your program to greater heights, thus ensuring that a sustainable process continues for bringing diverse suppliers into your supply chain, look no further than Tier 2 reporting. 

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5 Ways to Strengthen Your Supplier Management Process

As benign terms go, “supplier management” must be at the top of the list. Yet in the world of corporate procurement, no term may be as important. Supplier management is analogous to managing relationships and interactions with external organizations that supply goods and services to your organization. It is essentially your strategic plan for managing supplier resources that permeate throughout your organization. You need to meet the market’s demand for your products in a highly competitive global sourcing environment, and your suppliers must be right there with you.

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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.