As your supplier diversity program grows, you will see the need for tools that streamline tasks and increase accuracy. Data enrichment does both.Read More
This blog was originally published on 1/9/2017 and updated on 12/18/19.
Have you been hearing the term “supplier diversity” but aren’t sure what it means? As with many business terms, the definition and implementation of the words can vary by company. Let’s start with the general definition, then we’ll dig a little deeper.
In general, 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.Read More
Our most recent State of Supplier Diversity report found that supplier development plummeted in 2021. We see two likely causes for the decline: There has been an influx of newer supplier diversity programs that have not yet implemented these initiatives, and the coronavirus pandemic limited opportunities for development through traditional channels such as conferences, trade shows, and other in-person events.Read More
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.