Created in 2018, Progress 2020 is a formal partnership between supplier.io, Diversity Reporting Solutions, and Supplierty News to incorporate achievable goals and metrics to quantify the corporate benefits of supplier diversity and small business programs.
Today, the Progress 2020 team is releasing the status of one of our Five Commitments to help improve the supplier diversity and small business industry. To learn more about our Five Commitments, please CLICK HERE
As it pertains to our goal of tracking $100 billion in Annual Spend with Tier 1 Small and Diverse Suppliers, we are confirming that our products and services have helped clients track a total of $24 Billion in 2018. This number puts us at 24% of our overall goal of $100 Billion by December 31st, 2020. We are proud of our current pace and look to continue expanding our offering to meeting clients needs.
More About the Goal
For this commitment, we utilize the supplier.io Tier I Management and Reporting System and Data Enrichment service to track billions in spend with small and diverse suppliers at a Tier 1 level. What does this means?: Total client purchases attributed to small and/or diverse suppliers will be tracked for this goal.
How does this benefit the industry?: We believe providing a management tool that can efficiently track purchases with small and diverse suppliers can help client’s gauge purchasing strategy performance and create an effective process to grow their supply chain(s).
What is Progress 2020
Progress 2020 is a formal partnership between supplier.io, Diversity Reporting Solutions, and Supplierty News to incorporate achievable goals and metrics to quantify the corporate benefits of supplier diversity and small business programs.
From now until, December 31, 2020, the Progress 2020 team is committed to engaging organizations and individuals within the supplier diversity and small business community to accomplish actionable goals and create a sustainable foundation for future growth.
