UPST Updates
Supplier diversity has been a topic of discussion and focus for UPST since its inception in 2019. Previously, diverse supplier spending was only 2% of the University's total expenditures.
In an effort to increase that number, UMass partnered with TealBook, the leading supplier data platform that autonomously enhances supplier data.
Since partnering with TealBook last year, UMass has seen a 28% increase in diversity spend (from $50 to $64 million) as well as a 28% increase in diverse suppliers (from 709 to 906).
The Unified Procurement Services Team hopes to continue our mission to increase diversity and representation within the UMass system. With the powerful data from TealBook, UMass hopes to:
- Identify current diverse suppliers
- Aid non-certified suppliers in becoming certified
- View granular data on minority and local suppliers