Category: EnterpriseGrowth

2/19/2025 0 Comments

Breaking the Myths: Why DEI in Procurement is Still Essential for Growth

Diversity, Equity, and Inclusion (DEI) programs in procurement have faced scrutiny, with some questioning their necessity. However, DEI initiatives are crucial for driving economic growth, enhancing competitiveness, and fostering sustainable business ecosystems.

Debunking Common Myths

Myth #1: Supplier Diversity Lowers Quality
Reality: Many diverse suppliers offer specialized expertise and flexibility that large vendors cannot provide.
Myth #2: DEI is Just a Trend
Reality: Companies that prioritize supplier diversity are outperforming their peers in profitability and innovation.
Myth #3: It's Too Hard to Find Qualified Diverse Suppliers
Reality: AI-powered platforms like Scaleup simplify the process, matching enterprises with vetted SMBs.

A study by the National Minority Supplier Development Council (NMSDC) found that certified minority-owned businesses generated more than $400 billion in economic output in 2018, contributing to the creation and preservation of more than 2.2 million jobs.

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2/13/2025 0 Comments

The AI Advantage: How Scaleup Connects SMBs & Enterprises for Smarter Growth

In today's rapidly evolving business landscape, enterprises often face challenges in identifying scalable small and medium-sized businesses (SMBs) that align with their procurement needs. Traditional sourcing methods can be time-consuming and may overlook high-potential diverse suppliers.

Artificial Intelligence (AI) offers a transformative solution. Scaleup's AI-driven platform revolutionizes supplier discovery, efficiently connecting enterprises with qualified SMBs.

AI-powered supplier discovery offers several key advantages:

Efficiency: AI automates labor-intensive tasks like data collection and supplier evaluation, allowing procurement teams to focus on strategic activities.
Accuracy: By evaluating a broader set of data points, AI ensures that suppliers meet specific quality, compliance, and performance standards.
Scalability: AI systems continuously update supplier rankings based on performance metrics, enabling businesses to maintain a robust and reliable supplier network.

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10/17/2023 0 Comments

How Scaleup Partners with Fortune 200 Enterprises to Scale Diverse-Owned Businesses

Driving Equity Through Supplier Diversity
Scaleup is on a mission to close the $300 billion gap in committed spend to diverse-owned suppliers by enabling Fortune 200 enterprises to scale their most promising diverse suppliers. Founded by three innovators who incubated the company at Amazon, Scaleup is committed to creating a more equitable marketplace through innovative tools and strategic partnerships.

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Breaking the Myths: Why DEI in Procurement is Still Essential for Growth

The AI Advantage: How Scaleup Connects SMBs & Enterprises for Smarter Growth

How Scaleup Partners with Fortune 200 Enterprises to Scale Diverse-Owned Businesses

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