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CVM Supplier Diversity Blog

What You Should Know: Tier 1 vs Tier 2 Supplier Diversity Spend

What is the difference between Tier 1 and Tier 2 Supplier Diversity Spend?

What about direct and indirect spend? Third parties and fourth parties?

These terms are used often in procurement and have inevitably found a place in the supplier diversity discussion. The distinction between each of them is something you should be paying attention to.

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The Keys to Building a Strong Tier 2 Program

Establishing a Tier 2 supplier diversity program is fundamental in advancing and maturing your supplier diversity program. Strong Tier 2 programs are built on a foundation of measurable goals, timely communication, and the tools to help track and report spend.

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Tier 2 Reporting a Key Component of Sustainable SD Programs

 

If you are looking to expand your supplier diversity efforts and push your program to greater heights, thus ensuring that a sustainable process continues for bringing diverse suppliers into your supply chain, look no further than Tier 2 reporting. 

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5 Ways to Streamline Your Tier 2 Reporting

The successful supplier diversity program includes robust Tier 2 spend, but collecting and reporting that data can be cumbersome and time consuming. Streamlining Tier 2 reporting through strategic partnerships, automation and validation not only saves time and money, they allow you to report results with confidence and focus on building relationships with primes and subcontractors.

These five strategies for streamlining Tier 2 reporting can boost the efficiency and efficacy of your supplier diversity program.

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MillerCoors Supplier Diversity Program

MillerCoors, founded in 1855, develops its brands through brewing quality beverages, responsible marketing and consideration of the environment and community. They market to a wide range of consumers, and aspire for their supply base to actively mirror their customer base. The MillerCoors Supplier Diversity program dates back to 1975 and in 2004 CVM Solutions and MillerCoors began working together to advance their supplier diversity program and incorporate Tier 2 diverse spend.

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For over a decade CVM's mission has remained unchanged: lead the transformation of Supplier Diversity program management and support Supplier Diversity programs. CVM helps corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to the most advanced, world-class programs. Equipped with unparalleled data intelligence, superior technology and expertise guidance, businesses can effectively establish and advance their Supplier Diversity initiatives.