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CVM Supplier Diversity Blog

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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Your Supplier Development Program Doesn't Have to Be Formal


Putting together a supplier development program may seem daunting. You hear about other companies providing access to capital or guaranteeing contracts, but big-ticket development items like those are beyond your capabilities.

Don't worry—you probably have the framework already established within existing initiatives and practices; they just haven't been labeled as such. With a little planning, organization, and goal-setting, you can establish an informal supplier development program that works to strengthen and support your small and diverse suppliers.

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11 Reasons to Invest in a Supplier Development Program

Tracking and increasing corporate-wide spend with diverse suppliers is imperative for building strong and successful supplier diversity programs. Including these imperatives in planning creates a tactical opportunity for driving success in supplier diversity initiatives and measuring progress. Supplier diversity programs with a cadre of top-notch diverse suppliers are recognized internally as a value to the organization’s business and externally as leaders in the field.

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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.