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What are the supplier diversity categories?

How are diverse suppliers categorized? Minority-owned business. Women-owned business. LGBT-owned business. Disabled-owned business. Veteran-owned business. Service-disabled veteran-owned business. Historically underutilized business zones (HUBZone) Small business enterprises.

How is supplier diversity measured?

The most commonly used metrics include total procurement spend with diverse suppliers, percentage spend with diverse suppliers in relation to the total procurement spend, and the number of contracts with diverse suppliers.

What is a Tier 1 diversity supplier?

Tier-1 Tier-2 Supplier Diversity Spend Tier-1 suppliers, also known as prime suppliers, are those businesses that directly sell products and services to a buyer, while tier-2 provide tier-1 suppliers with the products and/or services that are sold to that buyer.

What percentage of organizations track supplier diversity programs?

Many organizations appear to be making progress and our studies revealed that 85 percent of companies in the United States have dedicated supplier diversity programs.

What percentage of suppliers should be diverse?

A diverse supplier is a business that is at least 51% owned and operated by an individual or group that is part of a traditionally underrepresented or underserved group. Common classifications are small-business enterprises (SBEs), minority-owned enterprises (MBEs), and woman-owned enterprises (WBEs).