Supplier Diversity Products
"Wal-Mart Reports Record Increase in Business with Minority-
and Women-Owned Suppliers."
— Wal-Mart Press Release
Home : Supplier Diversity Products
Supplier Diversity Maturity Model – Where does Your Program Fall?
- Beginning Program: Diversity Data Enrichment and Diversity Spend Reporting.
- Basic Program: Diversity Data Enrichment, Diversity Spend Reporting, Diverse Supplier Locator and Diversity Supplier Portal.
- Traditional Program: Diversity Data Enrichment, Diversity Spend Reporting, Diverse Supplier Locator, Diversity Supplier Portal, and Diverse Spend Analysis.
- Advanced Process: Diversity Data Enrichment, Diversity Spend Reporting, Diverse Supplier Locator, Diversity Supplier Portal, Diverse Spend Analysis, and Tier 2 reporting.
- World Class Process: Diversity Data Enrichment, Diversity Spend Reporting, Diverse Supplier Locator, Diversity Supplier Portal, Diverse Spend Analysis, Tier 2 reporting, scorecarding, and supplier diversity program management.
Clear Leadership in Supplier Diversity
It is a fact that the largest and most successful supplier diversity programs are powered by CVM. The majority (11 out of 15) of prestigious Billion Dollar Roundtable members, which only includes companies that spend over $1B annually with Minority-owned businesses, use CVM for supplier diversity. Corporations that successfully manage their supplier diversity process save money by leveraging innovative and “nimble” diverse businesses. Whether you are just starting your supplier diversity initiative or have already created a world-class program, CVM can help take you to the next level. With over 350 customers and the largest diverse supplier database in the world, CVM is the recognized leader in supplier diversity program management.
Many companies with mature Supplier Diversity Programs are finding that the programs put in place to increase the amount of diverse spend are not reaching the goals they set. New approaches are required to compensate for reductions in companies’ diversity spend due to supply chain optimization and supplier base rationalization efforts. Implementing a Tier 2 Diverse Spend Reporting Program, in which Tier 1 suppliers are required to utilize diverse vendors to fulfill a portion of their contracts, is proving to be an effective way for many companies to continue to meet the goals and objectives that have been set for their Supplier Diversity Programs. CVM currently has over 3,800 prime suppliers that are trained and report quarterly to one or more of our customers through CVM’s Tier 2 platform.
CVM offer the most comprehensive diversity supply management solutions available today. To date, CVM diversity customers have captured over $40B of diversity spend across millions of suppliers.