Diversity Data Enrichment for your Supplier Diversity Program

Leanne Strickler

The modern supply chain increases the importance of supplier diversity in every business. More and more organizations have committed to creating and maintaining diverse groups in their procurement plans.

Tracking and maintaining accurate supplier information is one of the biggest challenges that organizations are facing. When it comes to demographic data that supports supplier diversity, the difficulty of the task is more acute as it often involves data that is not easily obtained or organized. More often than not, a large number of suppliers’ data needs to be “scrubbed”, to unearth critical demographic data, and everyone is concerned about the accuracy of information.

While this challenge is not new, our digital response most certainly is. As a leading cloud-based supplier management platform, our ultimate goal is to provide services that make it easier to do business. In this case, SupplierGATEWAY’s Diversity Data Enrichment application follows our philosophy of convenience, cost competitiveness and simplicity.

SupplierGATEWAY Diversity Data Enrichment provides organizations with easy to use self-service tools to provide a base understanding of the diverse demographics and data about their current suppliers. Being able to quickly obtain accurate data about suppliers enables organizations to evaluate their diversity and inclusion practices and make strategic adjustments to achieve their goals.

By choosing SupplierGATEWAY’s Data Enrichment, you will efficiently and quickly identify diverse companies with short turnaround times. You also have an option to upgrade to our comprehensive Tier 1 Diversity reporting tools, which analyze, and track your supplier diversity spend.

Here is what you will receive in the package:

  • Have full control to run scrubs and refreshes at any time
  • Uncover diversity classification in your supply base
  • Show what diversity certifications that your suppliers hold
  • Output graphical and detail result summaries
  • Use the Diversity Confidence Index to align with your criteria
  • Your supplier records are bounced against 150+ different data sources to reveal diversity attribute data

For more information about Diversity Data Enrichment, please visit our website.

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