This blog was originally published on 2/8/2018 and updated on 12/22/21.
What is the difference between Tier 1 and Tier 2 supplier diversity spend?
Every company is part of a larger supply chain that includes third party product and service providers. Some of those suppliers, known as prime suppliers, work directly with the company and others are one or more steps – or tiers – away in the supply chain. Although prime suppliers are the top priority for supplier diversity programs, you will quickly find that the potential for impact scales quickly when you consider Tier 2 and beyond.Read More