TealBook x Procurement Leaders: Maximizing Procurement ROI with Good Data
In this recent webinar, TealBook & PL team explored the key components of a successful data-driven procurement strategy, including the role of Gen AI.
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Elevate your diversity program with Tier 2 reporting.
TealBook is committed to helping organizations expand their supplier networks to be more diverse and inclusive.
Unlock the true impact of your diverse spend.
Massively scale the impact of your supplier diversity program while reducing the friction that has traditionally been part of the administration process. TealBook makes Tier 2 reporting more accessible than ever before, allowing all companies in the supply chain to benefit from simplified access to diversity spend information.
Why report on Tier 2 spend?
Tier 2 diversity reporting is a process where suppliers can share their diversity spend with their customers. The process allows organizations to recognize the effect of their spend with suppliers who engage with diverse suppliers, as well as their direct spend with diverse suppliers.
Tier 2 spend is generally accepted by NPOs or government contracts as an acceptable addition to an organization’s overall diverse spend. Tier 2 criteria can also be another factor to assess Tier 1 suppliers by before they are contracted.
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Get the largest possible view into your organization’s total diverse spend.
Report
We use our AI and ML capabilities capture your suppliers’ diverse spend for Tier 2.
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Leverage your Tier 2 spend to win large contracts or qualify for tax rebates.
We provide the supplier data you need to discover and evaluate suppliers.
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1.
Certifications
If a supplier has diversity, sustainability, or industry-specific certifications, you will find them listed, as well as any security or patent information.
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Contact Information
Easily find contact information for salespeople and executives, as well as generic inboxes if you don’t already have a point of contact. You can also quickly navigate to a supplier’s website or social media.
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Trust and Risk
Get information on a supplier’s ethical practices and sustainability efforts, as well as any connected associations, corporate relationships, and the amount of time they’ve been in business. You can also see reviews left for suppliers.
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Financial
Find tax ID numbers, corporation size, and revenue projections.
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Offerings
Access digestible supplier overviews and descriptions of products and services, information about a supplier’s geographic reach, NAICS codes, and suppliers with similar offerings.
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Commit to supplier diversity, equity, and inclusion.
Invite suppliers to upload their spend data.
Companies looking to receive Tier 2 spend information can invite suppliers to participate. Any invited supplier in the supply chain can securely upload spend either quarterly or annually. This spend information is kept private to them until they explicitly release it.
Organizations can then choose to allocate diversity spend to their client companies, either by percentage or by amount per supplier. TealBook combines this allocated spend information from all contributing suppliers into a consolidated Tier 2 Diversity Spend report.
It feels good to do good.
For companies with existing supplier diversity programs, exploring Tier 2 diverse spend can expand these efforts and reaffirm a company’s commitment to their supplier diversity programs. For companies who have not yet explored reporting on their diversity spend, Tier 2 can be a great place to start. By recognizing the diverse spend of the suppliers you already do business with, you can evaluate where to focus your diversity goals.
Your Tier 2 spend can measure the social responsibility of your Tier 1 suppliers, helping you to further vet and choose the right suppliers for you.
Work with a variety of diverse businesses.
TealBook offers functionality dedicated to addressing underserved communities and making an economic impact. Recognized diverse supplier categories include:
- Minority Business Enterprise
- Woman-Owned Business
- Small Business Enterprise
- Veteran Business Enterprise
- Disabled Veteran Business Enterprise
- Service Disabled Veteran Business Enterprise
- LGBT Business Enterprise
- Certified Aboriginal Business
- HUB Zone Certified
- People with Disability
- Disadvantaged Business Enterprise
- Women-Led Business Enterprise
Supplier Relationship Management
See your history with any given supplier, and access internal reviews and documents. Leverage clear data to foster trust and transparency within your supplier relationships.
“I help organize the Aboriginal Procurement Market that utilizes the TealBook platform to help find procurement opportunities for our Indigenous members. The support staff has always been available for any issues I have had so far and are quick to help create solutions. Looking forward to seeing TealBook grow.”
Jesse Steckley
Innovation and Entrepreneurship Coordinator
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“The compelling value of Tealbook is in its ability to show procurement teams the potential in their data — both the return on having access to continuously cleaned, accurate support data and the opportunities for further discovery and development of their supplier base.”
Nick Heinzmann
Research Analyst
The Trusted Source for Supplier Data™️
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Supplier Profiles
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Certificates
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Attributes
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Explore Use Cases
TealBook touches a variety of procurement problems and decisions. Explore more use cases to unlock even more procurement possibilities.
Thought Leadership
Unleash procurement possibilities.
Whether you’re looking to maximize diversity spend, optimize supplier diversification, or identify emergency sourcing options, the best available supplier data makes all the difference
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