As your supplier diversity program matures, you will likely begin looking at how to expand and be more aggressive toward meeting your organization’s goals around diverse spend. The most powerful way to do that is through multi-tier diverse spend reporting, or the practice of tracking and reporting money spent with diverse suppliers further down your supply chain.

As your supplier diversity program grows, you will see the need for tools that streamline tasks and increase accuracy. Data enrichment does both. 

When your supplier diversity program has been established and Tier 1 reporting is well underway, it's time to expand into tracking and reporting Tier 2 spend. 

As the novel coronavirus (COVID-19) pandemic continues to impact every part of our lives, anticipating and resolving supply chain obstacles has become more critical than ever. 

Diverse suppliers could be a solution for companies seeking to fill supply chain gaps or find innovative ways to meet emerging needs. 

But with so much of our “business as usual” disrupted, many supplier diversity professionals are wondering how to find diverse suppliers during COVID-19. The usual routes of discovery—primarily industry conferences and business expos—are not accessible during this time of social distancing.

A business is only as good as its supply chain, and a supplier diversity program is only as good as the diverse suppliers it identifies and brings into that supply chain.