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FAQs

DBS DiverseFact:

 

Did you know that by supporting diverse suppliers that it keeps your business connected to its customer base and helps you to meet your corporate responsibility of giving back to the community?

What is Supplier Diversity?

Supplier diversity is a proactive business practice that seeks to provide all suppliers equal access to purchasing opportunities. It encourages supplier participation reflective of the diverse business community and promotes economic development. Diverse and small businesses are the fastest growing businesses in this country.

The Business Case for Supplier Diversity:


Supplier diversity promotes supplier participation that is reflective of a company’s diverse customer base and the diverse business community. It also enables the company to develop new markets, new customers, and new talent in diverse communities. Finally, developing a diverse supplier base allows companies a compelling competitive advantage in the markets that it serves.


Diverse Businesses Defined:

Women-Owned Business (WBE):
A business that is at least 51 percent owned by a non-minority woman or women; or, in the case of any publicly owned business, at least 51 percent of the stock of which is owned by one or more women, and who controls the daily management and operation of the business.

Minority-Owned Business (MBE):
A business that is at least 51 percent owned by a minority individual or group(s); or, in the case of publicly owned businesses, at least 51 percent of the stock of which is owned by one or more minority groups, and whose management and daily operations are controlled by one or more of those individuals. Minority includes, but is not limited to, African Americans, Hispanic Americans, Asian-Pacific American, and Native American (American Indian, Eskimo, Aleut).

Service-Disabled Veteran-Owned Business:

A business owned by one or more service-disabled veterans where service-disabled veterans make up at least 51 percent of the ownership and where the veteran or his/her caregiver control daily management and operations of the business.

GLBT-Owned Business:

GLBT owned businesses are defined as being at least 51% owned by one or more gay, lesbian, bisexual or transgendered individuals.


The Buying Power of Minorities, Women, and the Gay Community:

It is a fact that minorities, women, and the gay community have an annual combined    buying power in the trillions. In addition, these groups continue to steadily increase their share of the consumer market. These statistics are especially important to corporations looking to tap into diverse markets as a source of revenue growth. As you can see, supplier diversity simply makes good business sense! 

 

 

 

 

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