Diverse Spend
Diverse Supplier Spend
Best Buy has a multi-year strategy to procure products and services from small and diverse businesses. The purpose of this goal is to create a stronger community of small and diverse suppliers within our Tier 1 and Tier 2 partner portfolio.
Submit your Diverse Spend
We are *not* currently collecting Diverse Supplier Spend.
Definitions
Tier 1 Supplier Definition
A small and diverse company who has a VPA (Vendor Program Agreement) in place, or is awarded a contract to work directly with Best Buy
Tier 2 Supplier Definition
A small and diverse company who has a VPA (Vendor Program Agreement) in place, or is awarded a contract by a Best Buy non-diverse Tier 1/Prime Supplier
Prime Supplier Definition
A non-small and diverse company who has a VPA (Vendor Program Agreement) in place, or who is awarded a contract to work directly with Best Buy and reports Tier 2 Diverse Spend to Best Buy
Calculate Your Tier 2 Diverse Spend (Indirect)
The preferred method is to calculate the amount your company pays to small and diverse suppliers who are used to ensure goods and/or services are provided to Best Buy.
Frequently Asked Questions
If you are a non-diverse business, but you work with diverse businesses to provide Best Buy goods and/or services, you have diverse spend.
Use the form/blue button above to submit your Tier 2 spend.
Contact your Finance or Accounting Department.
Best Buy prefers the date range we request as it aligns with our fiscal calendar, February - January. If you are submitting for a different date range, you can enter this information on the form when you enter the date range of spend.
Please contact your Accounts Receivable person or reach out to whomever receives the remittance statements for payments received for your company.
No, the information will not be saved if you do not Submit. If you navigate away from the page before submission, the information will need to be re-entered.
After filling in the form as required, you can email your file to Supplier Diversity. Be sure that your file contains the Supplier Name and Number as entered on the form.
Best Buy will request small and diverse spend reporting two times per year, typically for the end of January through the end of July, and August through January.