“Most people will find that when they bring in new diversity suppliers, they find better value, better cost, and more innovative solutions just because they included suppliers that were previously not part of the sourcing process.”
As digital transformation progresses, corporate leadership teams are increasing their focus on the quality and availability of data. Spend analysis is just one internal data resource in a sea of data ecosystems, but it has the potential to serve as the foundational connection point for all procurement analytics.
For this special series, Art of Procurement partnered with Sievo and Buyers Meeting Point to take a deep dive into procurement data ecosystems. We will explore how procurement leaders can meet their analytical requirements while also exploiting the full cross-functional value of data – data that enables corporate growth and competitive advantage.
Every two weeks between April and July 2021, Philip Ideson and Kelly Barner will speak with senior level executives at Sievo, riskmethods, Basware, supplier.io, and EcoVadis – companies at the forefront of the procurement data revolution. Listeners can also download the ebook behind the podcast series in the Links section below.
In this episode, Kelly Barner and Neeraj Shah, CEO of supplier.io, discuss the new sense of urgency many companies have around supplier diversity programs and the data management requirements that creates.
- The diversity-specific transformation journey many (especially large) companies have taken and what has changed
- Procurement’s responsibility to the suppliers that are brought into the bid process through supplier diversity outreach
- The role that spend analytics data plays in advancing supplier diversity and tracking progress against states goals, both internally and in publicly-released reports
Dive deeper into procurement data in the new guide featuring Kelly Barner’s interviews with visionary procurement software leaders from EcoVadis, Basware, riskmethods, Supplier.io and Sievo.