Supplier Diversity

E&I is continuously developing solutions that support the holistic value creation of supplier diversity. The current toolkit offerings include:

• Digital Assessment & Planning Tool: evaluate the maturity level of your supplier diversity program and obtain strategic recommendations on best practices needed for program advancement.
• Data Enrichment Services: access matches from national databases (city, state, local govt and private, etc.) to identify and flag diverse suppliers within your accounts payable system.
• Supplier Diversity Tracking: track payments issued to diverse suppliers identified during the data enrichment process (establish reporting cadence of monthly, semi-annual, annually).
• Tier 2 Reporting Module: create an online method to capture diverse supplier spending from prime suppliers.
• Supplier Registration: create an online process to collect capabilities information (digital profiles) from diverse suppliers interested in doing business with your institution.
• Diverse Supplier Directory: utilize nationwide data directories to identify diverse suppliers tailored to your institution’s specific needs.
• Industry Benchmarking: research historical trends and industry-specific data needed for program success.
• Economic Impact Reporting: measure the economic impact associated with spending with diverse suppliers in local communities in terms of job creation, wages paid, and increases in tax revenue.