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Xerox Committed to a Diverse Supply Base
As a global provider of business process and document management, Xerox Corporation recognizes having a diverse supplier pool is a major competitive advantage and a powerful business tool.
“At Xerox we know our customers expect high-quality products and services at the best possible price. That’s one of the reasons for our Supplier Diversity Program. The program creates opportunities for a broad group of suppliers and for Xerox, and our customers are the ultimate beneficiaries,” CEO Jeff Jacobson.
To that end, the Norwalk, CT-based company’s supplier diversity mission is to proactively identify, build relationships with, and purchase goods and services from certified small businesses, as well as enterprises owned by minorities, women, veterans, members of the lesbian, gay, bisexual and transgender (LGBT) community, and people with disabilities that can help it achieve its corporate objectives.
According to the company, the Xerox Supplier Diversity Program, xerox.com/supplierdiversity, “achieves new levels of success every year. We have a long history of providing fair and equitable opportunities for small and diverse enterprises to do business with us.”
During 2016 in North America, for instance, Xerox and its subsidiaries purchased goods and services from the following businesses:
• Minority-Owned: $51 million.
• Woman-Owned: $70 million.
• Veteran-Owned: $19 million.
• Small Tier I Businesses: $393 million.
The tenets of program include commitments to:
• Actively seeking certified diverse suppliers that can supply competitive, high-quality goods and services whose business models align with our business strategy.
• Ensuring the inclusion of diverse suppliers as a part of its strategic sourcing and procurement process.
• Communicating the value of supplier diversity both internally and externally to all stakeholders.
• Leveraging its supplier diversity results to meet its clients’ supplier diversity requirements.
Several independent groups have recognized Xerox for outstanding supplier diversity including AT&T Prime Supplier Crystal Award for Outstanding Diversity Supplier Utilization.
Xerox also participates in several efforts with the goal of increasing diversity and inclusion in several different business areas.
For example, the Inclusion Initiative is committed to identifying and increasing opportunities for minority- and women-owned (MWBE) law firms. Since joining the Initiative in 2011, Xerox notes that it has “continuously exceeded and increased its annual goals for spend with MWBE firms.”
The company is also an active member of the Women’s Business Enterprise National Council (WBENC) and the National Minority Supplier Development Council (NMSDC), and takes part in various national and regional conferences, matchmaker events and forums that relate to promoting business with MWBEs.
“The Xerox leadership team and I fully support our Supplier Diversity Program. On-going efforts are required to ensure qualified small and diverse businesses continue to receive an equitable opportunity to do business with Xerox. It’s the right thing to do, and it’s good for our business and our customers,” adds Jacobson.
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