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ThomasNet.com® Innovates to Help Commercial, Government Buyers Meet Supplier Diversity Goals

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Press release date: May 12, 2014

New Application on Platform is One of Largest Free Databases of Diversity Certified Suppliers

New York, NY — Procurement and supply management professionals working toward achieving diversity targets no longer have to consult multiple resources to find qualified companies. With ThomasNet.com’s new Supplier Diversity Application, they can now turn to one free central source. Industry’s leading product sourcing and supplier discovery platform offers one of the largest databases of woman-owned, minority, disadvantaged and small businesses, including their certificates, saving buyers valuable time in creating shortlists for their direct and indirect spends.

Seventy-two percent of buyers recently surveyed by CAPS, a research arm of the Institute for Supply Management™ (ISM), said they would be increasing their spending with diverse suppliers. But putting their plans into action wasn’t going to be easy. In a separate ISM survey, 72 percent of respondents agreed finding diverse suppliers was their number one hurdle.

“Research is showing a clear demand among government and Fortune 1000 buyers for help advancing their diversity programs. We’re responding through this expansion of our content and functionality. This furthers our goal of helping buyers identify the suppliers that meet their exact needs, whether for a particular product or service, diversity certification, or both,” said Tom Greco, Vice President, ThomasNet.com.

In addition to providing suppliers’ current and historical certifications, making their certificates available for download, and linking to other proof of ownership, ThomasNet.com’s in-depth, multi-page profiles offer buyers a complete look at their full suite of competencies. Detailed information includes product and capability catalogs, quality certifications, locations, key contacts, year established, brands distributed or manufactured, financial information, news and more.

The new application leverages the free productivity tools offered throughout the platform allowing buyers to save profiles, create and export supplier shortlists, and send Requests for Information (RFI).

The Supplier Diversity application is one of six powerful applications available on ThomasNet.com, which recently re-launched with advanced functionality. Each month, nearly two million buyers and engineers use ThomasNet.com for sourcing original equipment manufacturer (OEM), maintenance, repair and operations (MRO), and other products and services. The hallmark of the platform is its Supplier Discovery Application with over 700,000 commercial and industrial suppliers discoverable by over 70,000 product and service categories, UNSPCS commodity codes, brands carried and company names.

For more information on the new Supplier Diversity application, see ThomasNet.com/diversity. Suppliers who wish to be included in the database for free, or add certifications to their existing profiles on ThomasNet.com, should go to http://promoteyourbusiness.thomasnet.com/free-profile/

About ThomasNet.com
ThomasNet.com, part of Thomas Industrial Network, Inc. is the leading platform for supplier discovery and selection of OEM, MRO and other products and services. The platform serves procurement professionals, engineers, plant and facility management and other buyers from corporations, educational institutions, government agencies, the military and small businesses. It also serves manufacturers, distributors, and service companies throughout North America who want to connect and do business with these buyers. Buyers of industrial products and services can connect to ThomasNet News from ThomasNet.com.
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