Diversity Reporting FAQs
The ultimate guide to understanding supplier diversity reporting Is supplier diversity
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Promote and prioritize supplier diversity.
TealBook makes it easy to begin or expand a diversity program, discover diverse suppliers and spend, and generate supplier diversity reports in a single click.
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Drive innovation by partnering with diverse suppliers.
Diverse vendors are typically smaller and more agile than their larger counterparts, and this unlocks an ability to move with greater flexibility and ease. As a result, this allows companies to benefit from greater innovative leaps.
An inclusive procurement strategy widens the pool of potential suppliers and promotes competition in the supply base, which can improve product quality and drive down costs. By providing more sourcing options, inclusivity can make supply chains more resilient and agile.
Start or expand your supplier diversity program.
A healthy supply chain requires contributions from a variety of businesses and individuals. Easily identify and engage with diverse suppliers and go above and beyond to exceed your organization’s diversity spend targets.
Identify
Find diverse suppliers who meet specific business criteria.
Grow
Set and exceed aggressive diversity spend targets.
Report
Quickly identify your amount of spend with diverse businesses to report on strategic initiatives.
We provide the supplier data you need to discover and evaluate suppliers.
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1.
Offerings
Access digestible supplier overviews and descriptions of products and services, information about a supplier’s geographic reach, NAICS codes, and suppliers with similar offerings.
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Contact Information
Easily find contact information for salespeople and executives, as well as generic inboxes if you don’t already have a point of contact. You can also quickly navigate to a supplier’s website or social media.
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Trust and Risk
Get information on a supplier’s ethical practices and sustainability efforts, as well as any connected associations, corporate relationships, and the amount of time they’ve been in business. You can also see reviews left for suppliers.
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Financial
Find tax ID numbers, corporation size, and revenue projections.
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Certifications
If a supplier has diversity, sustainability, or industry-specific certifications, you will find them listed, as well as any security or patent information.
Commit to supplier diversity, equity, and inclusion.
Find and engage 500K+ diverse suppliers
TealBook’s supplier database includes over a half-million small and diverse supplier profiles and allows you to find the right suppliers for any opportunity. Search for women-owned, LGBT-owned, Black-owned, and other diverse suppliers that meet your organization’s diversity goals.
Discover the maximum amount of diverse spend.
TealBook’s data-gathering AI and ML combined with our self-certification process for suppliers makes it easy to get visibility into the totality of your organization’s diverse spend. Our data is routinely updated, and our self-certification program combats certification expiration. We consistently find more qualified diverse spend for our customers than other solutions on the market.
It feels good to do good.
Supplier diversity programs can be part of a company’s efforts to maintain high moral and ethical standards. Inclusive procurement also delivers broader societal benefits by generating economic opportunity for disadvantaged communities.
Work with a variety of diverse businesses.
TealBook offers functionality dedicated to addressing underserved communities and making an economic impact.
Recognized diverse supplier categories include:
- Minority Business Enterprise
- Woman-Owned Business
- Small Business Enterprise
- Veteran Business Enterprise
- Disabled Veteran Business Enterprise
- Service Disabled Veteran Business Enterprise
- LGBT Business Enterprise
- Certified Aboriginal Business
- HUB Zone Certified
- People with Disability
- Disadvantaged Business Enterprise
- Women-Led Business Enterprise
Report on Tier 2 diversity spend.
By encouraging your current suppliers to upload their spend data into TealBook, you can gain further visibility into your Tier II diversity spend, enabling you to trace and report on the maximum impact of your overall spend.
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“Supplier information (whether for discovery or master data management) changes with the speed of business, which right now is very fast. TealBook is the only approach built to align external dynamics with internal systems, processes, and business needs.”
Jason Busch
Founder
“I help organize the Aboriginal Procurement Market that utilizes the TealBook platform to help find procurement opportunities for our Indigenous members. The support staff has always been available for any issues I have had so far and are quick to help create solutions. Looking forward to seeing TealBook grow.”
Jesse Steckley
Innovation and Entrepreneurship Coordinator
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“The future of digital supply chains requires a data foundation that unlocks unlimited value creation. Tealbook is a leading example of that data foundation.”
Dr. Elouise Epstein
Partner
The Trusted Source for Supplier Data™️
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Supplier Profiles
Supplier Profiles
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Supplier
Certificates
Certificates
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Data
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TealBook touches a variety of procurement problems and decisions. Explore more use cases to unlock even more procurement possibilities.
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Unleash 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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