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Supplier Diversity Blog by supplier.io

4 Advantages of Having a Supplier Portal

A supplier registration portal is a key component of a supplier diversity program. When implemented correctly and consistently, the portal onboards and prequalifies potential suppliers, collects useful data, and serves as a tool for sourcing qualified suppliers.

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Procurement Benchmarking: 3 Tips for Your Supplier Diversity Program

Procurement teams love to benchmark. We start every sourcing project and budget review cycle with a benchmarking exercise. And when we’re done, we benchmark projects against each other over time as a way of measuring the various forms of value and impact procurement has brought.

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4 Unexpected Benefits of Supplier Diversity

Companies with supplier diversity programs expect to realize benefits such as increased brand value and customer loyalty. However, they may be surprised with some of the other advantages that come with a more inclusive supply chain.

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The Economic Impact of Supplier Diversity

“What is the ROI of this program?” 

This is the million-dollar question that supplier diversity managers and procurement leads hear constantly. 

It is no small task to quantify the financial results and economic impact of a corporate supplier diversity program. Companies track a few different metrics to measure their ROI, including:

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Listening to the Voices of Our Diverse Suppliers

Building and maintaining a successful supplier diversity program is not easy work. Supplier diversity managers and procurement teams work hard to make their supply chains more inclusive. While they may not have the formal authority required to force change, they have more than enough passion to lead the diverse supplier progress they want to see.

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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.