Diverse Spend: Industry Best Practices

1. Does your company remove certain spend from your baseline to determine their overall supplier diversity spend percentage. For example, are certain categories (telecom) or certain suppliers (IBM) excluded from the baseline of spend to calculate diverse supplier spend percentage?

2. Does your company follow any industry (tech/logistics/finance , etc.) standards to report Tier-2 diverse spend to your customers for benchmarking purposes? For example, which department handles the Customer Reporting broken down by industry, how often this reporting happens and any other data you think will be relevant.


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