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Supplier Diversity Blog by supplier.io

The supplier diversity metrics your leadership team expects to see

Introduction 

Tracking supplier diversity metrics and presenting that information to your leadership is essential to maintaining the record-high executive engagement and interest we’ve seen in recent years, as well as helping get your hard work recognized and gaining further investment and support for your program.  

As LaTisha Brandon from The Container Store says, “You need to learn to speak the language of the business.” That language is centered around metrics, specifically revenue drivers.  

Additionally, your leadership team expects you to run your program with a focus on data-driven decision making that holds people accountable to clear and attainable goals.  

Here are some key metrics your leadership team will expect to see.  

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Translating Enthusiasm to Action: Actionable Insights from The State of Supplier Diversity

Introduction 

Aylin Basom, supplier.io CEO, and Lois Eichacker, supplier.io VP of Customer Success, sat down with Kelly Barner and Scott Luton for a recent Dial P for Procurement livestream to discuss the 2022 State of Supplier Diversity Report.  

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How to Select Data Enrichment Services

As your supplier diversity program grows, you will see the need for tools that streamline tasks and increase accuracy. Data enrichment does both. 

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What is the Federal Acquisition Regulation and Why Does it Matter?

This blog was originally posted on 11/16/2016 and updated 4/22/2020.

On March 30, 2020, a new amendment to the Federal Acquisition Regulation (FAR) that could significantly impact federal contractors and the small and diverse businesses within their supply chains went into effect. The new rule, FAC 2020-05, updates and clarifies regulations regarding set-aside orders under multiple-award contracts.

What does this mean for you? Let's start with a quick refresher on the FAR as a whole and then take a look at two other updates.

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How Data Enrichment Can Help You Build Better Shareholder Value

We rely on data to make hundreds of business decisions every day, ranging from the seemingly inconsequential to the potentially monumental. The sum of these decisions can be the difference between success and failure. But too often we are working with incomplete, inconsistent, or even incorrect data from which few, if any, actionable insights can be discovered. Our shareholders rely on us to make the best possible decisions. We need accurate, up-to-date information to select the best choice and bring the most value.

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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.