This module is part of the
platform for Supplier Success
Economic Impact Analysis
Economic Impact Analysis & Supplier Diversity Impact
Demonstrate the tangible community and economic value of your supplier diversity investments with clear, data-driven reporting by STARS.
10B+ Diverse Spend Analyzed
Input-output Economic Modeling
Customizable Reports
25+ Years Experience
Trusted by 100+ Fortune 500 Companies:
What, Why, How
Understanding Economic Impact Report
STARS' data-driven, input-output modeling platform helps organizations quantify, report, and communicate the real-world economic and community value of their supplier diversity programs to stakeholders.
What is Economic Impact Report?
The Economic Impact Report quantifies the real-world community and economic contributions of your supplier diversity program. STARS uses proven input-output modeling to calculate job creation, wages, GDP contributions, and tax revenue generated by your diverse supplier spending across local, regional, and national levels.
Why Is Economic Impact Report Important?
- Demonstrates the business and community value of supplier diversity
- Quantifies direct, indirect, and induced economic impacts
- Supports stakeholder and board-level reporting and advocacy
- Accelerates regulatory compliance and ESG reporting requirements
How Does STARS Solve?
STARS connects your supplier spend data to industry-recognized economic models, producing precise impact reports by state, region, business unit, and commodity. Customizable dashboards and stakeholder-ready reports make it easy to communicate your program’s value to any audience.
Data That Drives
Proven Results from STARS External Supplier Locator
Years Of Experience
Diverse Spend Analyzed
Diverse Suppliers
Happy Clients
Features Overview
Understand How Your Team Impacts Local Communities
We deliver a comprehensive suite of economic impact tools to help your organization quantify, communicate, and amplify the community value of your supplier diversity program.
Automated Economic Modeling
Automatically generate economic impact models based on your supplier spend data and industry-standard input-output frameworks.
Job Impact
Measure the number of direct, indirect, and induced jobs supported by your diverse supplier spend at local and national levels.
Labor Income Insights
Quantify the wages and salaries generated by your diverse supplier spending across all impact categories and geographies.
Community Impact
Illustrate the broader community benefits of your supplier diversity program, including GDP contributions and tax revenue generated.
Supply Chain & Local Region Impact
Produce detailed supply chain impact analysis broken down by local region to support community engagement and reporting.
Supplier Diversity Tax Contributions
Measure the full range of tax contributions generated by your supplier diversity program, giving stakeholders a clear picture of fiscal impact.
Exceptional Customer Support
Clients Love Our Multi-Channel Customer Support & Training
Economic Contributions
Quantify Economic Contributions With Input-Output Modeling
Leverage the power of industry-standard input-output modeling to translate your supplier spend data into credible, quantifiable economic contributions. Demonstrate the full breadth of your program’s economic footprint with precision.
- Automated models for your supplier spend data inputs
- Fully automated input-output model design
- Output all the key impact data and contributors
Effortless Reporting
Customizable Reports For Easy Stakeholder Communication
Present the results of your economic impact analysis in compelling, stakeholder-ready formats. Build the right reports to share the story with any audience.
- Visually polished and print-ready report templates
- Produce data-driven reports for your team
- Auto-schedule delivery of reports to your stakeholders
Granular Spend Impact Analysis
Tailored Insights Across State, Region, Business Unit, And Commodity
Slice your economic impact data any way you need. Generate detailed reports for Tier 1 and Tier 2 supplier spend at the state, regional, business unit, and commodity level giving you everything you need to tell the full story of your program’s community reach.
- Impact breakdowns by state, region, and congressional district
- Analysis breakdowns by spend category and commodity
- Filter and slice by business unit, supplier tier, and more
Why STARS?
See Why So Many Clients Trust STARS
Join more than 100 Fortune 500 companies and several government and certifying agencies experiencing STARS.
Industries Served
Supporting Your Industry
STARS supports Fortune 500 companies and organizations with configurable Supplier Success solutions for supplier engagement, compliance, and spend visibility.
Healthcare
Government
Retail
Manufacturing
Technology
Energy
Client Success Stories
See What Our Clients Say
The best way to showcase our commitment is through the experiences and stories of those who have partnered with us.
VIVA IT delivered seven critical hires in days, stepping up quickly to meet an urgent higher education staffing need.
We were not used to the type of prompt customer service that is being provided by you; our last provider took at least 48 hours if not more to even respond to one of our questions.
We are impressed by the flexibility and customer-centric approach demonstrated by VIVA
One of the most impressive aspects of our collaboration is your willingness to customize the systems and solutions to perfectly align with the unique needs of our organization.
The VIVA Team listens to customer feedback and makes needed adjustments. Their support team provides very quick responses. This level of customer service isnu2019t often experienced.
We've Got Answers
Frequently Asked Questions
Most organizations run annual impact reports aligned to their fiscal year, though STARS supports on-demand reporting so you can generate updated impact data whenever needed for events, campaigns, or regulatory submissions.
Economic Impact Reporting
Visualize Your Supplier Spend Impact Down to The Local Level