Category Archives: Supplier Diversity

Featured Resource: Turn supplier diversity into business advantages through visibility

Meeting diversity objectives can help reach a whole range of bigger corporate objectives, too! Supplier diversity was initially promoted as corporate stewardship for the disenfranchised. Today, diversity is considered a competitive advantage. Changing work demographics and emerging markets compel businesses to invest in supplier diversity programs. Yet, most organizations are unable to measure and report on their supplier diversity efforts. Dysfunctional processes and the inability to enrich and normalize data make supplier diversity programs challenging. Thus, diversity programs often miss … More

Supplier Diversity Makes Headlines with Minority Subcontracting Laws

At Iasta, we started paying more attention to supplier diversity when we released our first Supplier Information Management software in 2007. In 2012 and 2013, we began noticing a significant uptick in general market interest and direct inquiries from clients and prospects regarding supplier diversity tracking. Aside from hearing about supplier diversity issues from clients and prospects, we’re also reading about it in the headlines. Just last week, McHugh Construction agreed to pay $12 million to settle a lawsuit alleging … More

Going Beyond Supplier Diversity 101

In today’s world, supplier diversity is becoming a growing concern and objective for procurement teams. While supplier diversity can be a moving target for most organizations, there is no denying diversity is becoming a competitive advantage. Improved supplier diversity is helping organizations strengthen employee motivation and emerge into new markets. Often, procurement teams struggle with where to start when mapping out their strategy, goals, and metrics for the diversity program. Dysfunctional processes, bad data collection practices, and the inability to … More