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 Commitmentsto 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 assisting customers in discovering at least $1 Billion in previously unidentified spend with small and diverse suppliers in there current supply base, we are confirming that our products and services have helped clients identify $600 million in 2018. We are proud of our current pace, and look to increase this number over the coming years.
More About the Goal
For our commitment, we aim to utilize the supplier.io Data Enrichment service to help customers find at least $1 billion in lost spend with small and diverse suppliers in current supply bases
How does this benefit the industry?: We believe that many, if not all supply chains are currently purchasing from small and/or diverse suppliers. Our objective is to identify all qualified small and/or diverse businesses not currently recognized, to help supply chain programs better understand their current supplier diversity and small business standing. This, in turn, can help a corporation develop an effective supply chain strategy for their circumstance.
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.
