Supplier.io, the market-leading provider of responsible supply chain intelligence, today announced a new integration with Amazon Business that enables procurement leaders to measure and grow their spend with small and diverse suppliers.
“Enterprises spend more than $35B a year through Amazon Business. In reality, a significant amount of that spend is actually directed to the small and diverse suppliers that sell on the platform,” said Aylin Basom, CEO of Supplier.io. “Until now, procurement teams did not have an easy way to measure or manage that spend. Our new integration with Amazon Business gives customers a one-stop-shop for qualifying, monitoring, and reporting on their responsible procurement spend on Amazon Business — a game changer for companies that recognize the immense business benefits of responsible sourcing.”
The integration connects Supplier.io’s market-leading network of supplier diversity data with Amazon Business, creating an easy and auditable way to measure, track, and verify diverse spend. The partnership provides a one-stop shop for monitoring responsible procurement spend on the platform, including purchases with small businesses, women-owned businesses, veteran-owned businesses, and more. You can find the integration today on the Amazon Business App Center.
Historically, tracking Tier 2 spend required confirming and maintaining accurate data from thousands of suppliers — a nearly impossible task for procurement teams, especially given the pace at which supplier information and status change. Supplier.io’s integration with Amazon Business solves this challenge by automatically enriching Tier 2 spend data with verified attributes from over seven million suppliers and five million environmental and social certifications. This additional dashboard, available to Supplier.io customers, makes it easy for procurement teams to connect purchase decisions with environmental, social, and governance (ESG) outcomes while increasing supply chain transparency, reducing costs, and driving financial impact.
Supplier.io powers responsible sourcing programs for over 900 companies worldwide, including half of the Fortune 100 and 60% of the Billion Dollar Roundtable (BDR). By leveraging an unrivaled network of data from over 450 trusted data sources, Supplier.io provides a single source of supplier intelligence that enterprises can use to expedite decision-making, capture new markets, mitigate supply chain risk, hit mandated targets, and ensure compliance against ESG standards.