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Supplier Intelligence

What Makes Certain Suppliers ‘Diverse Suppliers’?

In 2016, the U.S. Small Business Administration (SBA) estimated that America has 28.8 million small businesses—or about 99.7 percent of all businesses in this country. According to census data, nearly a million minority-owned employee firms (businesses with more than one employee) were operating in the U.S. in 2015, the last year this data was collected. 

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5 Steps to a Successful Diverse Supplier Discovery Process

Identifying and vetting potential new suppliers is a necessary part of integrating diverse suppliers into your supply chain. Ideally, you would have access to an automated solution for supplier discovery, like a supplier registration portal backed by a constantly updated database. If you don’t have access to an automated solution, these are the steps to take in order to gather the information you need for your supplier database—as well as maintain the information once it’s there. 

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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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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.