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Supplier Diversity Blog by supplier.io

Capturing Accurate Diverse Supplier Information at the Source

World class firms consider supplier diversity to be a strategic initiative, but often the challenge is in identifying and evaluating qualified small diverse firms to compete for your business. There are literally millions of small and diverse firms and at times it can seem that all of them are knocking on your door and asking for your consideration. It simply isn’t practical to have a conversation with every potential supplier and you need tools which can make your limited time productive.

CVM works with hundreds of supplier diversity program leaders across firms of all sizes and industries and offers two resources to assist in addressing this challenge.

CVM Supplier Locator with UsageTrust™

Supplier Locator provides access to millions of certified and classified diverse firms across all commodity and market areas through an easy to use search tool. Going further, CVM identifies the proven suppliers across categories which its clients consistently rely on, given program managers confidence when considering a new supplier. When searching for a diverse supplier, there are many business questions that need to be addressed: What are the primary commodities provided? Where is the supplier located? What are the different certifications I need a supplier to have? Supplier Locator facilitates answering these questions so program leaders can pursue a more detailed discussion with a small number of qualified firms.

CVM Supplier Registration

Capturing all of a suppliers data, from the original source, is the most accurate way to make a support decision making on your next procurement initiative. Having the supplier themselves enter the correct NAICS code or Certifications will ensure that you have critical questions answered before you reach out to a potential supplier. Whether a minority owned, women’s business, a disabled veteran owned business or a LGBT owned business, allowing the supplier to come to one hub to enter their information will help many growing businesses in the long run. This allows for multiple diverse suppliers to share what their qualifications and expertise, helping you meet your diverse spend goals.

CVM Solutions new and improved supplier registration portal provides a place for all your diverse suppliers to come directly to one source and provide all of the detailed information needed to support your information needs. All of the data entered through CVM’s supplier registration portal is scrubbed by a team of data analysts and then transferred over to our master database. This information then can be searched by our very large and diverse client base for use in their next potential project needs.

By far the most valuable resource program leaders have is their time and there are many demands on that limited resource. CVM provides proven levers that can make that time more productive so that program objectives are exceeded.

For more information on CVM’s data, technology and services please contact us.

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The team has a long history in driving innovative solutions in supplier diversity. We believe that companies deserve solutions that are effective and provide measurable value and results. Started more than a decade ago, supplier.io has rapidly become a prominent provider of supplier diversity solutions to leading corporations. We currently support customers in automotive, healthcare, insurance, retail, manufacturing, education, and banking. One in five Fortune 50 company relies on supplier.io.