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CVM Supplier Diversity Blog

Do Fortune 500 Companies Only Use Diverse Suppliers?

Have you ever been asked the question: Are corporations limiting their supply chain to only diverse suppliers?

If you're reading this, then interacting and engaging with diverse suppliers is probably a part of your job description.

We supplier diversity professionals spend a lot of time talking about, thinking about, and working with minority and underrepresented businesses.

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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 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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3 Key Takeaways from the 2017 NMSDC Conference

At the 2017 NMSDC Conference and Business Opportunity Exchange, attendees were offered a selection of technology-focused programming that looked forward to the future of the supply chain. Sessions ranged in topic from cybersecurity and cyber threats to embracing digital disruption and how small businesses can leverage existing technology for success.

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The World of Supplier Diversity—As Seen from Diverse Suppliers

Perhaps the most important aspect of supplier diversity is the diverse suppliers themselves. Thanks to these key vendors, companies can realize the economic, operational, and reputational advantages of a diverse supply chain. At the same time, diverse suppliers are given additional opportunities to thrive and show they can deliver excellence as well as, if not better than, their larger, non-diverse counterparts.

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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.