The Power of Engagement: New Initiative Strengthens Ties With Minority Business Associations
The Power of Engagement: New Initiative Strengthens Ties With Minority Business Associations
FCA US LLC supplier diversity kicks off 2017 with a new initiative aimed at connecting its purchasing organization with minority, women and veteran business associations by providing customized training, learning and development, and networking opportunities.
The program came to life on Monday, Feb. 20 during the inaugural Black Supplier Engagement Forum at FCA US headquarters in Auburn Hills, Michigan. The event brought in more than 50 certified African-American business owners from the Michigan Black Chamber of Commerce for a half-day program
with sessions led by representatives from Bank of America Merrill Lynch and Plunkett and Cooney. Topics included succession planning and access to capital.
In 2017, FCA US spent nearly $3 billion with approximately 230 minority-, women- and veteran owned suppliers, representing over 8 percent of the Company’s total annual purchasing. Since 1983, the Company has purchased nearly $58 billion from diverse suppliers. FCA US supplier diversity goals require that up to 11.5 percent of a tier-one supplier’s buy be sourced to certified minority and women suppliers.
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