Are you sure your Diverse suppliers really meet the necessary criteria?

Diversity has become increasingly important in business strategy throughout the world. In addition to the compliance and tax implications of using diverse suppliers, there are strong market drivers as well.

However, ensuring that suppliers reporting themselves as diverse actually meet diversity requirements can be a challenge. You need more than a checkbox on a form. Certification of diversity qualification must be collected, and in some cases validated, for each supplier. Suppliers can be registered through a variety of approved third-party organizations. Some examples include:

Diversity's scope and levels of implementation vary by geographical territory, and therefore often influenced by differing local legislative regimes. As a result, it's important to understand the requirements of each, and to collect, monitor and manage the appropriate diversity information and credentials.

Aravo can help.

Aravo has helped many companies across industries manage supplier diversity reporting and certification tracking. Call for your customized ROI Analysis. For more information, please click on one of the choices in the Learn More box to the right.