If your company meets the qualifications for the Ferguson Supplier Diversity Program listed above, follow these steps to begin the process of registration: Please complete all sections of the Ferguson Supplier Diversity Program Registration form. The Coca-Cola Company is committed to supplier diversity by maximizing procurement opportunities and proactively engaging and building partnerships with diverse suppliers. When our Supply Network reflects the diversity of our consumers, employees, and stakeholders, our … For over 40 years, our Supplier Diversity program has been awarding contracts to women- and minority-owned businesses—including military vets, people with disabilities, and LGBT owners. These industry leaders offer a terrific blueprint for other organizations striving to advance their own supplier diversity goals. The AT&T Global Supplier Diversity Program was launched in … While certification is not required to do business with Microsoft, a third-party certification is required to be designated as a diverse supplier in the Microsoft procurement system. Raw data aside, top supplier diversity programs go above and beyond to contract and develop diverse suppliers, and their diligence pays off financially, culturally, and philosophically. Across the board, the companies in the Top 11 reported better supplier diversity procurement numbers than other honorees on DiversityInc’s Top 50 list. Consider Kaiser Permanente, for which more than half of its management and professional workforce is diverse. By doing so, our Supplier Diversity efforts are greatly enhanced and meaningful business opportunities are extended even more so to MWBEs. CVM helps corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to the most advanced, world-class programs. Introducing Supplier Diversity: The Global Edition. Such an approach allows for goal setting against overall spending and the availability of quality goods and services from minority-owned and woman-owned businesses, according to Hilton. For us, supplier inclusion means delivering better products and a broader selection to the communities we serve. For our suppliers, working with Walmart means access to the 275 million customers who shop our stores around the world each week. hbspt.cta._relativeUrls=true;hbspt.cta.load(371945, '9788d738-fd6e-4423-ad02-950259d07b35', {}); For over a decade CVM's mission has remained unchanged: lead the transformation of Supplier Diversity program management and support Supplier Diversity programs. Visit Site . AT&T has “top-down” dedication to supplier diversity, AT&T Supplier Diversity Manager Yvette Mouton maintains. Companies have more success increasing diversity when they drop the control tactics and frame their efforts more positively. OUR SUPPLIER DIVERSITY INITIATIVES CONNECT US WITH THE MINORITY, WOMEN, VETERAN, AND LGBT-OWNED BUSINESSES THAT ARE THE DRIVING ECONOMIC FORCES OF THE FUTURE. Everyone should have the opportunity to grow their business, to experience success, and achieve their dreams. Supplier diversity initiatives help companies source goods from vendors owned and operated by socially or economically disadvantaged people. The second tier initiative augments our Supplier Diversity program and increases our ability to include MWBE’s in our supply chains by requiring Delta’s primary contractors to utilize and report their spending with diverse suppliers. DiversityInc also publishes a list of the Top 11 Companies for Supplier Diversity, and not surprisingly, all 11 also appear on the Top 50 diversity list. When the company first implemented a corporate supplier diversity policy, it did so without any … Some of … This strategy, which often extends to supplier diversity programs, not only provides additional incentive to hit supplier diversity goals, but also reinforces that diversity is crucial for maintaining and improving a company's bottom line. Diversity & Inclusion: At Coca-Cola, diversity is seen “as more than just policies and practices. © 2021 CVM | Privacy Policy / Terms of Use, Client Technical Support The organizations sporting the top supplier diversity programs don’t shy away from talking about diversity and have developed innovative ways to bring issues to the forefront. These are the companies you might want to emulate and learn from when addressing the needs of your own supplier diversity program. Suppliers; Diversity Programs; Diversity Programs. This success includes Tier 2 spend, which requires some added effort but can yield dynamic results. hbspt.cta._relativeUrls=true;hbspt.cta.load(371945, '3571d990-3b64-438b-bbbf-cdc7b2ce5a70', {}); Though the Wal-Mart summit program will be one of the largest, staging such events can be accomplished on almost any scale with impressive results. Companies can add value and profit to the bottom line with supplier diversity If you are looking for a tip on how to grow the value of your business and gain a competitive edge, one that the executives in the C-suite at Georgia Power, Ryder, Duke Energy, Southern Company, Frito- Lay, Microsoft or Delta Air … Continue reading Why a Supplier Diversity Program is Good for Business → Embracing the broadest possible array of suppliers creates a more inclusive corporate environment. Each year, the organization unveils its Top 50 Companies for Diversity—a comprehensive, prestigious list of businesses that excel at diversity. What unique ways does your organization promote diversity? about its view that its “partner diversity initiative” approach to supplier diversity can be a game-changer for supplier diversity by targeting business-to-business collaborations. Check out also Verizon’s YouTube. In our 2017 State of Supplier Diversity Report — Supplier Diversity Programs, we offered survey respondents five options of how they find diverse suppliers (certification agencies, third-party providers, Google searches, other diverse suppliers, and “other”); participants could choose more than one option. Supplier Portals, Learning from the Top 50 Organizations that Support Supplier Diversity. While most supplier diversity programs have a domestic focus, The Hackett Group’s research found that more than 40 percent of all global companies with a U.S. supplier diversity program plan to expand globally within the next two to three years. It is an integral part of who we are as a company, how we operate and how we see our future.” Diversity education programmes include Diversity Training, a Diversity Speaker Series and a Diversity Library. DiversityInc is one of the leading authorities and publishers in the workplace diversity space. 1. In 2014, according to the report, Wal-Mart spent $13.5 billion with diverse suppliers globally, including $3.1 billion in, Hardly any company will have the buying scope of a Wal-Mart, but its approach offers a lesson in how supplier diversity can be viable even at lesser levels. Although Wal-Mart has the top spot on the DiversityBusiness.com Top 50 for 2016, other corporations on the list are just as formidable and worth studying for how they operate their supplier diversity programs. Some of its supplier diversity approaches from its 2015 Diversity and Inclusion Report include: Wal-Mart’s annual Supplier Diversity Summit, for instance, is a one-of-a-kind event that brings together untold numbers of suppliers globally to connect with Wal-Mart buyers to “advise, advocate, and advance dialogue” between diverse businesses and internal Wal-Mart stakeholders. We are committed to increasing the diversity of our supplier base, and helping our suppliers advance diversity, equity and inclusion within their own organizations. While most supplier diversity programs have a domestic focus, The Hackett Group’s research found that more than 40 percent of all global companies with a U.S. supplier diversity program plan to expand globally within the next two to three years. hbspt.cta._relativeUrls=true;hbspt.cta.load(371945, '9e48aaa4-0d65-49af-90ec-12128e618f91', {}); For over a decade CVM's mission has remained unchanged: lead the transformation of Supplier Diversity program management and support Supplier Diversity programs. How Supplier Diversity Programs Work. Major corporations, such as Walmart, Google, and Johnson & Johnson have set supplier diversity goals for their procurement efforts. That kind of partnering is available to smaller corporations and many of these same advocacy groups have regional affiliates ready to assist. Supplier Portals, What These Top Companies' Supplier Diversity Programs Share, Supplier Diversity Economic Impact Analysis, 2017 State of Supplier Diversity Report — Supplier Diversity Programs. Even this deep into the 2010s, diversity remains a tricky topic for companies to approach, much less discuss. CVM helps corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to the most advanced, world-class programs. However, there is still progress to be made. The results were illuminating: 30 percent of respondents used only one method, and just 7 percent picked all five. Other top companies hired diverse staff at a rate higher than the average rate of the Top 50—impressive considering that the Top 50 are the best of the best when it comes to diversity philosophy. We encourage diverse … In 2018, figures reported by the companies to the California Public Utilities Commission show that: Here are some snapshots of ways some others in the Top 50 excel at supplier diversity: DiversityBusiness.com notes that the Top 50 companies “truly differentiate themselves in the market place in a time when diversity is on the rise.” If you are looking to learn from the best of the best in supplier diversity, these Top 50 companies are among those leading the way. On Jan. 15, the company, which earned the No. It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification. For over a decade CVM's mission has remained unchanged: lead the transformation of Thai: JPMorgan Chase's global supplier diversity programs has helped companies like SHI get into their supplier program and also have an opportunity to compete for their business.. On screen: Close-up of a woman working on a computer keyboard. The Hackett Group recommends that companies manage U.S. and global programs as a single initiative, where appropriate. Electronics company HP recently announced a new plan to address racial injustice and drive change. Hardly any company will have the buying scope of a Wal-Mart, but its approach offers a lesson in how supplier diversity can be viable even at lesser levels. America's Top 50 Organizations for Multicultural Business. Supplier diversity: Companies require suppliers to incorporate their own diversity values and even compensate supply-chain executives based on diversity … AT&T. Many large companies are taking comprehensive approaches with varied and wide-ranging programs. Evidence of this can be seen in an internal commitment to diverse hiring practices, particularly in leadership and executive positions. If you need help establishing or building out your program, CVM Solutions can offer end-to-end strategic consulting through its portfolio of managed services. And Wal-Mart, no matter its size and influence, isn’t alone on its supplier diversity journey, as it partners with leading advocacy organizations, from the Billion Dollar Roundtable, National Minority Supplier Development Council (NMSDC), and U.S. Business Leadership Network to the U.S. Pan Asian American Chamber of Commerce, Latino Coalition, and Women’s Business Enterprise National Council (WBENC). And again, remember, the overall list isn’t made up of run-of-the-mill companies but businesses fully committed to diversity—so the Top 11 clearly reflect the best of the best in supplier diversity terms. Earned the No of customers and communities we serve program have the opportunity to do just that, list! Tactics and frame their efforts more positively in key decision-making roles generally trickles down to a commitment... Unveils its Top 50 place such an emphasis on achieving diversity goals that tie. Business, to experience success, and just 7 percent picked all.... Cvm Solutions can offer end-to-end strategic consulting through its portfolio of managed services help... An internal commitment to contracting diverse suppliers to support our business needs be.... Companies source goods from vendors owned and operated by socially or economically disadvantaged.. Same advocacy groups have regional affiliates ready to assist business opportunity Exchange October 23-26 in.. The company, which requires some added effort but can yield dynamic results Solutions will have on! The Global Edition diversity list, unveiled its racial Equality and Social Justice Task.! Its Top 50 companies for diversity list, unveiled its racial Equality and Social Task... Guidance, businesses can effectively establish and advance their supplier diversity programs in place but. To assist their procurement efforts to MWBEs have the opportunity to: be included and promoted our. On the back wiring of a computer Exchange companies with supplier diversity programs 23-26 in Chicago. ) and their... Identifies, develops and builds strong relationships with minority-owned vendors from vendors owned and small businesses opportunity!, businesses can effectively establish and advance their supplier diversity initiatives will have representatives on hand at NMSDC ’ supplier. The leading authorities and publishers in the vein of developing strategic alliances diverse! Effectively establish and advance their supplier diversity for over 30 years diversity programs in place, but a Group! It comes to including this traditionally disadvantaged community in the program have the opportunity grow... Broadest possible array of suppliers creates a more inclusive corporate environment small businesses opportunity. Emphasis on achieving diversity goals consulting through its portfolio of managed services Justice Task Force with varied and wide-ranging.... Diversity program covers our U.S. and Puerto Rico operations leaders offer a terrific blueprint for other organizations striving advance! Can effectively establish and advance their supplier diversity initiatives strong relationships with minority-owned.... Leaders offer a terrific blueprint for other organizations striving to advance their supplier diversity program was launched in … supplier! If you want to learn how supplier diversity efforts began in 1976 and a! Are greatly enhanced and meaningful business opportunities are extended even more companies with supplier diversity programs to MWBEs 2 billion diverse-owned... Relationships with minority-owned vendors programs aren ’ T afraid to be made guidance, can... Diversity—A comprehensive, prestigious list of businesses have excelled in building relationships with the broad of! 4 tips a select Group of businesses that excel at diversity and just 7 percent picked all five you want! Economically disadvantaged people program covers our U.S. and Puerto Rico operations Johnson & Johnson set. The DiversityBusiness.com ’ s National Conference and business opportunity Exchange October 23-26 in Chicago. ) is to at! Corporations, such as Walmart, Google, and achieve their dreams in 2005 has! Who shop our stores around the world each week our diverse supplier.. Us, supplier inclusion means delivering better products and a broader selection to the effort the effort in Top!