Diversity Reporting FAQs
The ultimate guide to understanding supplier diversity reporting Is supplier diversity
TealBook allows you to view company spend grouped by Type, Category, Business Unit, or Country.
Learn MoreWhenever you aim to replace one supplier with another in order to increase diverse spend, create competition, or lower costs, there is always a concern over how much risk the process and replacement entails. By gaining access to the supplier’s details, you can reduce risk across departments and save time and effort when tracking spend reporting.
Access relevant supplier information to speed up decision making.
Find specific suppliers who meet requirements.
Minimize risk by knowing exactly who you do business with.
Outdated or inconsistent data results in a lack of spend visibility, which leaves your organization vulnerable to murky purchasing processes and increased risk. By accessing a foundation of strong, refreshed supplier data, you can avoid duplicate payments or fraudulent supplier records, while freeing up the time and resources to make more strategic procurement decisions.
View and analyze your corporate spend by Type, Category, Business Unit, or Country, so you can identify areas for improvement. Contribute to overall reduced operational cost by saving time on supplier searches and onboarding.
Quickly identify suppliers that fit specific requirement to serve your organization, create competition within your supply chain, and drive innovation across multiple departments.
Unlike traditional, manual methods of data gathering, TealBook’s machine learning and AI create and consistently update complete supplier profiles so you have dynamic, real-time data at your fingertips to ensure your procurement process is operating at its fullest potential.
TealBook touches a variety of procurement problems and decisions. Explore more use cases to unlock even more procurement possibilities.
Whether you’re looking to maximize diversity spend, optimize supplier diversification, or identify emergency sourcing options, the best available supplier data makes all the difference.
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