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Supplier Diversity Blog by supplier.io

Kelly Barner

Recent Posts

Leaning Towards the Future of Supplier Diversity

“Today supplier diversity programs have the enviable advantage of having executive leadership support and approval. Historically, this critical requirement was challenging to obtain from the executive level. These programs must now invest in acquiring the experience and the infrastructure necessary to grow into successful and impactful initiatives.”

- Neeraj Shah, CEO of supplier.io

 

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Supplier Diversity Certifications: Third-Party vs. Self-Certification – Part 2

Although many companies track and report on their supplier diversity spend, the definition of ‘diversity’ varies from company to company. Some require third-party certifications that attest to the ownership structure required to quality for such a program, while other companies allow suppliers to self-certify, essentially testifying to their own diversity status without oversight from a third party.  

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Supplier Diversity Certifications: Third-Party vs. Self-Certification – Part 1

 

Diversity and Inclusion programs are one of the top priorities for executive teams today. Businesses are trying to find ways to move the needle on diversity spend – partnering with suppliers in defined segments of the community for their own benefit, as well as for the returns realized by the company itself. 

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The Nuance and Granularity Required for Targeted Diverse Economic Impact

 

Companies that invest in supplier diversity ultimately do so for the positive economic impact it allows them to have beyond their own four walls. But how far beyond those walls can they reach – in which localities and in which segments of the business community? 

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Becoming Fluent in Supplier Diversity Terms and Phrases

Every supplier diversity program starts as an idea, a spark of inspiration rooted in the desire to simultaneously nurture the best ideas on the market and create a level playing field of opportunity. Good intentions notwithstanding, no progress will be made, and no benefits will be realized until that idea is communicated to someone else – a lot of someone elses in fact.   

Although the initial launch of a supplier diversity program holds significant potential, it is also the moment that diversity efforts can break down. Companies often launch programs without having prior experience managing them, and not knowing the terminology specific to the supplier diversity can easily become an impediment to progress.  

There are many glossaries devoted to the subjectbut in this article, I will review a few of the most commonly used – and often misunderstood – supplier diversity terms, phrases, and acronyms. 

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The team has a long history in driving innovative solutions in supplier diversity. We believe that companies deserve solutions that are effective and provide measurable value and results. Started more than a decade ago, supplier.io has rapidly become a prominent provider of supplier diversity solutions to leading corporations. We currently support customers in automotive, healthcare, insurance, retail, manufacturing, education, and banking. One in five Fortune 50 company relies on supplier.io.