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| Our commitment to diversity is steadfast, and especially important in challenging economic times. We know that diversity in our supply chain strengthens the communities and local economies where we operate. It helps us better serve our customers, setting us apart from the competition. It’s just smart business. That’s why for more than three decades, we’ve included minority, women and disabled veteran entrepreneurs in our supply chain and encouraged other corporations to do the same |
Edward E. Whitacre Jr.
SBC Communications Inc.,
Chairman and CEO |
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| SBC Communications |
SBC Communications Inc. has long recognized the importance of diversity in the supply chain. For more than 30 years, the company has aggressively pursued continued diversification in the marketplace. In 2001, SBC spent $2.8 billion with women-, minority- and disabled veteran-owned businesses — 23.5 percent of all spending, and the company’s highest percentage of diversity procurement to date.
SBC is committed to setting clear, aggressive supplier diversity goals, having executive leadership and accountability, employee involvement and implementing best practices throughout our supplier diversity program. For example, SBC assigns Supplier Diversity Business Development Managers to each of SBC’s cross-functional sourcing teams (purchasing teams). This has resulted in a successful “portfolio management” approach to including diverse businesses in all aspects of SBC’s supply chain.
SBC also implements its Prime Supplier Participation Program, which encourages prime vendors — with contracts over $500,000 — to include diverse businesses in their supply chains.
In addition, SBC implements special loan programs such as SBC’s founding sponsorship of the California Economic Development Lending Initiative (CEDLI) — a multi-bank community development corporation that makes loans to small businesses and provides financing outside of the normal bank lending practices.
SBC’s innovative approach extends beyond the walls of the corporation as well. SBC has provided scholarships to the Minority Business Executive Program at Dartmouth, and the National Minority Supplier Development Council (NMSDC) Advanced Management Education Program at Northwestern University.
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