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Welcome to the GoProcure Blog

Your one stop shop for transformative insights and groundbreaking trends in the procurement industry today

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Category: Diversity Suppliers

How Diverse Businesses Can Grow Their Customer Bases

Becoming a more diverse company helps organizations improve in a myriad of ways. Not only can diverse businesses have more equitable workplaces with broader talent pools, but they also can leverage diverse perspectives to spark innovation. For example, companies that report above-average diversity of their management teams also report more revenue coming from products and services launch...

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Category: Diversity Suppliers

4 Ways to Build a More Diverse Supplier Base

Incorporating more diversity in your supplier base in terms of working with more women-owned, minority-owned, veteran-owned and other diverse businesses can yield significant benefits for your company, including more innovation and improved procurement quality. But while the benefits are clear, it’s not always obvious to businesses how they can start sourcing from diverse suppliers, espe...

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Category: Diversity Suppliers

How Minority and Women-Owned Businesses Can Grow as Suppliers

Diverse businesses such as minority and women-owned companies may feel like they lack certain opportunities to gain access to new customers and grow, but the good news is that the tide is starting to shift. Increasingly, companies recognize how diversity can boost innovation and improve areas such as procurement, which is leading to more opportunities for diverse businesses to grow as B2...

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What Does Diversity Have to Do With Procurement?

Throughout all levels of a company, diversity can yield a variety of benefits, ranging from boosting innovation to improving recruitment to helping brands live up to their values on inclusion and social responsibility. But while it may be relatively apparent how having more diverse perspectives within boardrooms and throughout an employee base can lead to new ideas and ultimately growth,...

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Category: Diversity

Add Diversity to Your Supply Chain to Boost Innovation

Companies of all sizes are increasingly recognizing that building more diverse organizations not only helps create a more just, equitable world but also yields a variety of business benefits. For example, companies with above-average diversity among their management teams report a higher amount of so-called innovation revenue, i.e., products and services launched within the preceding thr...

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Gaining Visibility Into Unmanaged Spend Can Lead to Innovation

Small purchases by employees for products like office supplies or services like office cleaning may not seem like a big deal, as you may think that whatever your company spends in these areas pales in comparison to your largest expenses like payroll and rent. When left unmanaged, this spend can start to add up, create compliance risk, and ultimately lead to poor business decisions. The g...

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