Why More Procurement Teams are Reporting Impact — and Seeing Results 

How impact reporting is redefining supplier diversity success 

For years, supplier diversity was measured almost entirely by spend. But lately, leading programs are moving beyond dollars to capture something far more meaningful: impact. 

That’s the core takeaway from a recent Supplier.io webinar on economic impact reporting. As small supplier engagement becomes more central to procurement strategy, organizations are tracking how their spend drives real-world outcomes like job creation, local investment, and economic resilience. 

This evolution is helping teams prove the full value of their work and unlocking greater executive support to grow. 

What the data says: Impact reporting drives program growth 

Recent research from Supplier.io shows a clear connection between economic impact reporting and program success: 

• Teams that measure and report the impact of their small and diverse supplier spend are twice as likely to note growing executive support 
• These teams are 19% more likely to receive budget increases from executive leadership 

When the conversation shifts from “how much are we spending” to “what are we achieving,” supplier diversity becomes a true value driver. 

Why executives care: Proof for procurement’s strategic contributions 

Procurement teams are increasingly tying supplier decisions to broader business goals. That includes community reinvestment, customer alignment, ESG priorities, and brand value. 

Economic impact reporting connects sourcing activities to these outcomes with real numbers. It turns traditional program metrics into insights that resonate in boardrooms and annual reports. 

Many companies that have adopted this approach report stronger executive buy-in and greater internal credibility for their programs. 

From concept to action: how to get started with impact reporting 

You don’t need to build custom models or hire data scientists to measure impact. Supplier.io can do it all just by reviewing your spend file: 

• Quantify local job creation, income, and tax revenue  
• Benchmark your performance across industries 
• Generate clear, executive-ready reports to support strategic conversations 

These capabilities make it easy to embed economic impact into everyday procurement reporting and use that data to strengthen both supplier diversity and business resilience. 

The bottom line: metrics matter, but impact wins 

Procurement is under pressure to deliver more than cost savings. Impact reporting shows how inclusive sourcing contributes to growth, resilience, and community value; all while reducing supply chain risk. 

The organizations doing this well aren’t just tracking impact. They’re leading with it. 

Want to see what your program’s economic impact reporting could look like? 

Request a demo with one of our impact reporting experts to learn more.