What could supplier diversity add to your relocation program?
Working with a certified WBE can strengthen supplier-diversity performance, support customer expectations, improve procurement positioning, and create a measurable pool of diversity-eligible spend.
Most relocation decisions focus on cost and service alone. This mindset typically does not include how supplier diversity can influence procurement performance and alignment with your company diversity business goals.
This page can assist you in estimating how relocation spend could count towards supplier-diversity objectives while keeping all of the broader business values in view.
Estimate your annual diversity-eligible relocation spend.
As each move type has different associated costs, by entering your company's move volume mix, the below calculator will estimate total relocation spend based on industry averages. Typically 100% of relocation spend can be attributed to your company's diversity spend initiatives.
Your total relocation spend is approximately $912,255, and can be attributed to your company's Tier 1 diversity goals.
This calculator estimates diversity-eligible spend. It does not determine whether that spend creates a direct tax benefit. We encourage you to use this calculator to size your company's diversity spend opportunity, and to confirm any financial treatment with your finance or procurement teams.
NEI strives to utilize 2nd tier diversity service partners as a part of our service delivery and historically has reached 40%+ annually. This allows us to provide both 1st and 2nd tier diversity spend tracking and reporting for the clients who utilize us for services.
The business case is usually bigger than the number above.
Diversity-eligible spend matters. But in many organizations, the strongest reason to work with a Certified WBE is not just the direct financial claim. It is the way the supplier assists in supporting DEI initiatives, account alignment with diversity focused partners, reporting analytics related to diversity spend, and overall enterprise commitments that make the true difference.
Working with a nationally Certified WBE can support internal supplier diversity goals, and broader stakeholder expectations.
Ensuring diverse providers are utilized for both 1st tier and 2nd tier services is a healthy balance of resources and accountability for a company. 1st Tier providers who use 2nd tier for services have vetted the best providers for services for account utilization, while reaping the additional benefit of the 2nd tier spend reporting for their service spend.
Many companies leverage their annual spend reporting to bid on additional contracts with a diversity requirement and also to receive acknowledgement of successes compared to others in their field, such as the Billion Dollar Roundtable and others. Having complete reporting analytics to provide with confidence is a requirement to ensure future growth and references are based on solid, verifiable data.
In some environments, supplier diversity helps support customer expectations, account retention, and business development efforts tied to how suppliers are selected and retained.
Want a deeper evaluation?
We can help you validate assumptions, quantify opportunity, and position this internally.