Business Terms
Diverse Spend
The total dollar value of purchases made from certified diverse suppliers.
In context
How Diverse Spend works in supplier diversity
Corporations track diverse spend to measure supplier diversity program performance. Spend is typically categorized by certification type (MBE, WBE, VBE, etc.) and reported as a percentage of total addressable spend. Many companies set diverse spend goals and report results publicly in sustainability or diversity reports.
Example
Real-world example
The certification quiz checks your business against every certification we track. The result is a ranked list with the buyers each one opens. Or open the certification reference for the full guides.