Supplier diversity and sustainability initiatives don’t need to be a separate part of your sourcing requirements. Build your programs that last and have a significant impact. Integrate them into your global supply-chain sourcing process without the need for designated resources.
According to CVM’s 2019 State of Supplier Diversity Report, 29% of respondents have a global supplier diversity program, and another 44% plan on implementing one in the next three years.
Watch our webinar on building lasting supplier diversity programs with leaders from Coca-Cola, Delta Air Lines, Salesforce, and MIT.
Our supplier recommendation engine brings your tagged, diverse suppliers to the forefront to easily identify, and invite more of them to bid. Through our partnership with supplier.io, you can enrich your existing supplier database with diversity certification information.
Measure your progress towards supplier diversity goals throughout the entire sourcing process, including how many of those suppliers are invited, have bid, and have been awarded the business.
Fairmarkit reduces the manual effort of identifying and inviting diverse suppliers so that it can become a more integrated part of the sourcing process. With this automation, you can expand your supplier diversity programs to include tail spend purchases as well.
Blue Cross and Blue Shield of Kansas City was able to realize immediate value through a 3-month cost savings ROI, significant process improvements, and diversification of their vendor pool by using Fairmarkit.