How Supplier.io Empowers Constellation’s Sourcing

Supplier diversity and responsible sourcing have become vital for modern supply chains, ensuring flexibility, resilience and a positive community impact.

Supplier.io’s focus is clear: integrate diverse suppliers and maintain accurate data to power responsible procurement.  

Among those benefitting from its data-driven platform is Constellation, the largest producer of carbon-free energy in the US. 

Supplier.io assists Constellation in building robust, diverse supply chains that align with sustainability goals, allowing the energy giant to not only manage supplier relationships but also drive economic impact in the communities it serves.

By connecting procurement teams with over seven million suppliers and five million diversity certifications, Supplier.io helps Constellation expand its supplier base and make well-informed sourcing decisions.

Aylin Basom, CEO at Supplier.io, explains: "Our platform helps organisations enhance supply chain visibility and align with broader sustainability goals, such as the UN’s Sustainable Development Goals."

Data accuracy and transparency key

Accurate data is critical to the success of any supplier diversity programme.

“Supplier.io’s 2023 Supplier Diversity Best Practices Report shows self-reported data can be up to 50% inaccurate," Aylin notes. "With unreliable data, it's difficult to measure true supplier diversity."

Constellation, which operates the largest nuclear fleet in the US and supplies energy to 75% of Fortune 100 companies, benefits from Supplier.io’s robust data management tools.

Supplier.io ensures Constellation has accurate, real-time insights into the performance of its diverse suppliers. This allows it to efficiently track the impact of its procurement strategies, which, in turn, supports its business objectives and strengthens its reputation.

Data accuracy doesn’t just help with compliance; it allows Constellation to manage risks more effectively by identifying vulnerabilities in the supply chain. This means the company can quickly respond to disruptions, ensuring its operations remain resilient, even in challenging times.

Supplier.io’s unique value

What truly sets Supplier.io apart is its ability to serve as a single, reliable source of supplier intelligence data. With its extensive database, Supplier.io provides companies like Constellation with unparalleled visibility into their supply chains, ensuring that responsible sourcing and supplier diversity are more than just checkboxes – they are integral to the business.

The collaboration between Supplier.io and Constellation is a powerful example of how supplier intelligence can fuel both business and community growth.

By leveraging this platform, Constellation has streamlined its procurement processes, enabling it to measure the tangible impact of its diversity initiatives on job creation and local economies.

Supplier.io's platform proves that integrating diverse suppliers can drive economic benefits, foster innovation and boost supply chain resilience – all while ensuring sustainability and compliance. 

Supplier diversity isn’t just about ethical sourcing. For Constellation, it’s a strategic business priority. By embedding diversity into its procurement process, Constellation strengthens its competitive edge.

Supplier diversity reduces dependency on single sources, fostering a more flexible and adaptable supply chain. This is especially critical in an industry as complex and regulated as energy.

One of the standout features of Constellation’s supplier diversity programme is its forward-thinking approach; business units across the organisation plan 12 to 24 months in advance, identifying diverse sourcing opportunities.

It then shares forecasts with suppliers to ensure maximum inclusion and preparedness. This long-term planning, paired with Supplier.io’s data analytics, provides Constellation with the tools to effectively measure the economic impact of its diversity initiatives.

In 2023 alone, Constellation supported more than 20,000 jobs through its work with small and diverse suppliers. The company's procurement strategy isn't just good for business; it’s a significant driver of economic growth in the communities it operates in.

Procurement strategy driving results

By partnering with Supplier.io, Constellation has transformed its procurement processes.

The platform's comprehensive database gives Constellation instant access to a vast range of suppliers, allowing it to proactively seek out diverse and sustainable options. Supplier.io helps it analyse this data, providing critical insights into spending and supplier performance.

With more than 110 spend categories identified in its annual planning process, Constellation ensures a continuous pipeline of diverse suppliers. This approach has significantly enhanced its ability to navigate supply chain disruptions while maintaining high standards of operational efficiency.

Supplier.io also assists Constellation in tracking the economic outcomes of its supplier diversity programme. By linking procurement strategies to measurable business goals, Constellation can demonstrate how supplier diversity not only supports company growth but also drives community development.

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