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Supplier Intelligence

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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Is It Time for a Supplier Development Program?

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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Demystifying Corporate Risk Evaluations for Diverse Suppliers

 

In order to secure a large contract, you most likely require suppliers to go through a financial risk assessment. This is standard practice, and yet it is a stumbling block for many diverse companies that worry about providing access to financial information.

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Using Technology to Enhance a Supplier Development Program


We rely on technology to ease our way in so many areas of our lives, from the automatic coffee maker ensuring we have that first blessed cup in the morning to smartphones that keep us connected to people and information throughout the day. It's time to embrace how technology can enhance our supplier development programs so that we spend less time grinding the coffee by hand and more time connecting with our suppliers.

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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.