<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=172201676667353&amp;ev=PageView&amp;noscript=1">

Supplier Intelligence

4 Ways to Achieve Supplier Diversity Program Excellence

Recent research from The Hackett Group confirmed what supplier diversity experts have been saying all along: A strong supplier diversity program offers innumerable benefits without overburdening the organization. From Hackett’s news release, this quote from Laura Gibbons, Hackett’s Research Director, particularly caught our eye:

“Overall, the risks to focusing on supplier diversity are quite low, and the potential upside is significant. In fact, up to 10 percent of sales come with supplier diversity requirements, suggesting that the lack of such a program can even result in lost revenue.”

Read More

Suppliers: The Value of a Supplier Diversity Portal

Online portals have proven to be a net benefit of the high-tech information age. Hosted on websites, portals essentially provide users 24-7 access to virtually endless amounts of information on related topics. In supplier diversity, the online portal increasingly has become an effective tool to match up diverse suppliers and corporations doing business within supply chains.

Read More

4 Supplier Diversity Best Practices You’re Not Following

Let's talk about why your supplier diversity program is underperforming.

You want to diversify your supplier base. You create a position for a supplier diversity manager and hire someone with the appropriate qualifications. You step back and let your new supplier diversity professional get to work. The results are underwhelming. Why? Because just like you wouldn't expect to undertake a long road trip without directions to your destination, no matter how passionate you are about supplier diversity, if you're not following best practices, your efforts will be ineffective:

Read More

What Is Supplier Diversity and Why Is It Important?

Supplier diversity is a business strategy that ensures a diverse supplier base in the procurement of goods and services for any business or organization. It emphasizes the creation of a diverse supply chain that works to secure the inclusion of diverse groups in the procurement plans for government, not-for-profits, and private industry. Research shows that companies that embrace diversity are more profitable than companies that don’t:

Read More

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.

Read More

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.