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Supplier Diversity Blog by supplier.io

Beyond Tier 2 Spend: Advocate for Workforce Diversity in Your Supply Chain

While supplier diversity programs have historically focused on the diversity of a company’s ownership, this is not the only way to influence diversity in the supply chain. Corporations with significant procurement budgets now realize that they can use their purchasing power to influence workforce diversity in much the same way that they have historically worked to increase expenditures with traditionally underrepresented suppliers. This realization has led to the new and growing trend of companies measuring, tracking, and reporting supplier workforce and Board-level diversity as an additional – and scalable - value creation exercise.  

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Multi-Tier Diverse Spend Tracking and Why It Is Important

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.

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3 Steps to Beginning Tier 2 Reporting

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. 

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Boost MWBE Spend Through Tier 2 Diversity Initiatives

This blog was originally published on 6/1/2013 and updated on 12/30/2019.

When considering strategies to increase engagement and spend with diverse suppliers, supplier diversity programs must be willing to be moved to tiers. (Sorry, we couldn’t resist the obvious pun!) Tier 1 and Tier 2 are important terms to know when describing suppliers, especially diverse suppliers, and the supplier diversity Tier goals that companies set and strive to meet. Tier 2 suppliers are of special note because these businesses offer the potential to partner with more diverse suppliers and grow your diversity initiatives.

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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 team has a long history in driving innovative solutions in supplier diversity. We believe that companies deserve solutions that are effective and provide measurable value and results. Started more than a decade ago, supplier.io has rapidly become a prominent provider of supplier diversity solutions to leading corporations. We currently support customers in automotive, healthcare, insurance, retail, manufacturing, education, and banking. One in five Fortune 50 company relies on supplier.io.