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CVM Supplier Diversity Blog

10 Reasons to Invest in a Supplier Development Program

As more companies grow savvy to the benefits of cultivating a diverse supplier base, supplier diversity programs have grown in popularity and in number. For a supplier diversity program to succeed long term, however, it needs to have a sustainable growth strategy—that’s where supplier development programs come into play.

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Best Practices in Supplier Development

Have you been thinking about establishing a supplier development program, but don't know where to start? Is your supplier development program not quite delivering on your goals?

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The Economic Impact Hosting a World Cup Has on a Nation

The 2026 World Cup was announced June 13, 2018. The much-awaited announcement declared that the United Bid - a combined bid from the US, Mexico, and Canada - had won, cementing a 2026 World Cup in North America. The United Bid denied Morocco the chance to host The ‘Cup by winning a vote of 134 to 65 by FIFA, world soccer’s governing body. The locations are still in flux, but the World Cup is coming to North America.

But 2026 feels like a lifetime away. So why are we talking about it now?

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What Is a Diverse Supplier Development Program?

A goal of supplier diversity programs is to provide opportunities to businesses that might otherwise be shut out of contracting with big companies. Naturally, the more successful the diverse supplier, the more of a benefit it will deliver to the contracting company. 

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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.