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Supplier diversity management goals you can prove.

Gainfront Diversity is an AI/ML platform that connects to your ERP and other systems. It cuts procurement costs and helps your team set and track Tier 1 and Tier 2 diversity spend goals.

The fracture

Goals on a slide. Not in the master.

A program with no shared supplier record cannot prove Tier 1 or Tier 2 goals, no matter how well the policy reads.

  • 01

    No leadership plan

    A program with no policy backed by leadership never reaches the procurement process it needs to sit inside.

  • 02

    Tier 2 blind spots

    Primes rarely report Tier 2 spend right without a concierge process that tracks each reporting period.

  • 03

    Diverse suppliers missed

    Buyers cannot find diverse suppliers without a database of net-new candidates to search.

Definition

What is supplier diversity management?

Supplier diversity management sets goals for spend with diverse-owned suppliers and tracks progress against them. An inclusive procurement strategy widens the supplier pool and increases competition, which can improve quality and lower cost. A 2015 study by The Hackett Group found that supplier diversity can add an average of $3.6 million to the bottom line for every $1 million in procurement costs.

Diversity program

Seven goals for a program that holds up.

Gainfront ties each program goal to the same supplier record used for sourcing, risk, and spend.

  • Corporate development plan

    A policy backed by leadership, tied to the overall procurement process. Customers have seen over a 60% increase in diversity spend and a 26% increase in overall savings.

  • Tier 1 goals

    Set and track goals by diversity classification. Direct and indirect spend reporting uses automated allocation-factor calculation.

  • Tier 2 goals

    A concierge service monitors prime spend and reporting periods, with reporting to government and non-government agencies. Customers have seen Tier 2 spend reporting rise over 87%.

  • Diverse supplier opportunities

    The Gainfront database (QLeads) surfaces net-new diverse suppliers for strategic sourcing and supply chain management.

  • Minority supplier development

    A development process that integrates sustainability, compliance, and performance goals.

  • Economic impact reporting

    An Economic Impact Analysis report shows direct, indirect, and induced economic impact.

  • Benchmark reporting

    An annual Tier 1 and Tier 2 benchmark report by industry.

Modules

What sits on the record.

  • DEV

    Development plan

    Leadership dashboards that tie diversity spend to the overall procurement process.

  • T1

    Tier 1 goals

    Set and track Tier 1 goals by diversity classification, with automated allocation-factor reporting.

  • T2

    Tier 2 goals

    Concierge-monitored prime reporting with automatic notices through each reporting period.

  • DB

    Supplier discovery

    Net-new diverse suppliers from the Gainfront database to grow Tier 1 and Tier 2 goals.

  • ECO

    Economic impact

    Direct, indirect, and induced economic impact reporting for the program.

  • BNC

    Benchmark reporting

    An annual Tier 1 and Tier 2 benchmark report by industry.

Questions

Before you
book anything.

What results have Gainfront Diversity customers seen?

Customers report more than a 60% increase in diversity spend, a 26% increase in overall savings, and an 87% increase in Tier 2 spend reporting.

What is the Gainfront supplier database?

It is a database of net-new diverse suppliers, known as QLeads, that helps buyers grow Tier 1 and Tier 2 diversity goals.

How much can supplier diversity add to procurement savings?

A 2015 study by The Hackett Group found that supplier diversity can add an average of $3.6 million to the bottom line for every $1 million in procurement costs.

Next step

Show us the mess.
We'll show you the record.

Thirty minutes with someone who has run procurement, using your data, framed for diversity program.

  • Working session, not a pitch

    Bring a raw spend export or supplier list. See your own data.

  • Replace or orchestrate

    We'll say which path fits, including when neither does yet.

  • No homework required

    Messy files are fine. Clean-ups are the product's job.