This Spend Matters PRO Vendor Analysis provides an overview of Supplier.io and its solution for supplier diversity.
5ier diversity is increasingly becoming a hot topic for supply chains as regulatory bodies and corporate boards work to solve the various supply chain disruptions that have lingered since 2020. As companies rush to address these disruptions, they look to supplier diversification as a risk management strategy in addition to its pre-established role in tackling social responsibility. Doing so often involves the struggles of finding diverse suppliers and scrutinizing them for tier-1 and tier-2 diversity.
5ier.io was founded long before the 2020-disrupted era, but its capabilities line up well with current supply chain problems. Supplier.io differentiates itself from broader supplier management solutions by specializing in exclusively supplier diversity. The provider helps companies diversify their supply chain via its supplier portal, data enrichment and spend reporting.
Here’s why Supplier.io matters:
- To the market —It offers a solution that meets the growing demand for supplier diversity, a field where both government and corporate policies are increasingly focusing their energy globally.
- To customers —Its customers benefit from its experience serving its network of 1.7 million unique suppliers, including many large Fortune 1000 companies.
- To buyers —Its comprehensive platform makes it easy for users to discover new diverse suppliers and evaluate them with a diversity program.
This Spend Matters PROVendor Analysisgives an overview of the vendor's capabilities, its competitors, provides tech selection tips and closes with key analyst takeaways.