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Supplier.io unveiled its next-generation platform, designed to help procurement teams discover, evaluate, and engage small and local suppliers faster and with greater confidence.
"This isn’t just an upgrade, it’s a whole new way to think about sourcing," says Aylin Basom, CEO of Supplier.io. "Procurement teams need faster, smarter, more transparent ways to find the right suppliers and build resilient supply chains. With expanded global data, AI-powered intelligence, and actionable insights, we are strengthening what we already do best by giving companies new and enhanced tools for discovering small businesses, sourcing smarter, and scaling impact. And this is only the beginning."
Key takeaways:
- Unmatched global supplier data. Enriched with over 450 million data points, profiles include location, capabilities, certifications, sustainability ratings, and performance indicators.
- SupplierAI for smarter discovery. An enhanced search experience, powered by a new SupplierAI, helps buyers find the right suppliers faster using natural language queries and filters based on location, category, certifications, and capabilities, to connect them with partners ready to deliver.
- Enhanced supplier registration. Suppliers can now provide more detailed profile information and attributes during registration, including ISO certifications, data security credentials, and industry-specific licenses, giving buyers greater visibility into qualifications and compliance.
- TrustIQ supplier scoring. Supplier.io’s proprietary TrustIQ model evaluates suppliers using real-world indicators such as revenue, longevity, and Fortune 1000 engagement, giving procurement teams a proven-performance score to reduce sourcing risk and speed decision-making.
- Market analyzer for local insights. Market Analyzer pinpoints small supplier density by region, city, or ZIP code, enabling targeted growth strategies for supplier relationships and strategic sourcing.
- Advanced economic impact reporting. New analytics tools benchmark small business spend by region or business unit, track growth over time, and visualize the broader economic impact of sourcing decisions, including jobs supported and GDP contribution.
- Coming soon: Opportunity board. Launching later this year, Opportunity Board will directly connect customers and suppliers to share and pursue contract opportunities within the Supplier.io network.
