Analyze your supplier data to see who you're doing business with.
Find new small, diverse, and sustainable suppliers.
Analyze the impact of your spend on suppliers and the community.
Supplier.io gives you the data, tools, and insights you need to build, scale, and showcase the impact of your supplier diversity program.
Supplier.io helps you discover, track, and measure environmental impact with trusted supplier intelligence.
Supplier.io helps you identify, evaluate, and connect with trusted alternate suppliers
Check out our extensive library of procurement content by topic, media type, and more.
The leading source for regular updates on best practices, insights, and trends is right here.
Tier 2 spend is the amount of spend or procurement dollars that an organization’s suppliers spend with their Tier 2 suppliers. In regards to supplier diversity, Tier 2 diverse spend represents only those dollars spent with diverse suppliers.
There are three companies: ABC Corp., Processor Supplier Co., and Computer Parts LLC. ABC Corp. assembles and sells computers to the general public. Processor Supplier Co. assembles the processors needed to complete a computer. Computer Parts LLC, a woman-owned firm, creates the pieces necessary to assemble a processor.
In order to assemble their computers for the month, ABC Corp. needs to buy $1 million in completed processors from Processor Supply Co., who in turn needs to buy $100k in processor parts from the woman-owned company, Computer Parts LLC.
ABC Corp. wants to determine what their Tier 2 spend is with diverse suppliers.
In the above example:
Keep in mind that the organization in question is ABC Corp. — they are trying to determine their Tier 2 spend. This means that however much Processor Supply Co. spends with Computer Parts LLC, ABC Corp. can count as Tier 2 spend. Concluding the example, ABC Corp. has a Tier 2 diverse spend of $100k.
In a recent Supplier.io webinar, Byron shared wisdom from over two decades of experience, offering actionable insights for procurement leaders striving to build resilient, high-impact programs. Michael Byron: A Legacy Built on Purpose and Performance Michael...
