Spend Diversity
Spend Diversity provides value through development of a broader supply chain with a wider range of perspectives.
At Cricket Power we want to evaluate what percent of spend your company already invests into diverse companies.
​
We evaluate the impact of your spend on local communities so that we can work to help you increase the amount of spend that goes into minority communities.
Benefits to Local Sourcing
Targeting specific XBE (diverse owned businesses) supplier spend provides advantages through:
-
Increased local competition
-
Lower total cost
-
Creative innovation
​
Importance of Spend Diversity
Tracking Spend Diversity is important at all levels.
​
Cricket Power helps to guide the impact of your spend at a local community level.
​
Investment in XBE suppliers has a rippling effect in strengthening the fabric of our communities. Expanding local economies and enhancing social justice is what we aim to do through spend diversity at Cricket Power.
Partner Organization: The Diversity Consortium
