Should more procurement teams take a category management approach to supplier diversity?
Supplier.io analysed $1.4 trillion in spend to uncover supplier diversity benchmarks that benefit programs regardless of maturity, size, or industry.
In an Art of Procurement Live session, Aylin Basom, CEO of Supplier.io, and Lois Eichacker VP of Customer Success, discussed the 2023 Supplier Diversity Benchmarking Report.
The duo discuss the need for accurate measurement methods and shared insights including the importance of actionable data, the impact of analysing small and diverse supplier spend separately, industry-specific benchmarks, and opportunities for companies to excel through best practices.
Tune in to the interview to gain valuable insights on advancing the supplier diversity movement.