Congratulations to DIR client, Chrysler Group, that was named NMSDC "Company of the Year"

Chrysler Group, a longstanding DIR client, was named NMSDC's  "Company of the Year". Why? How about these stats for starters:

• Chrysler Group's supplier diversity goals require that 16.5 percent of the Company's Tier 1 and Tier 2 supplier procurement be sourced to certified minority suppliers.
• Chrysler Group itself spent $2.1 billion with approximately 200 minority suppliers in 2013.
• More than $52 billion has been purchased from minority-owned suppliers since 1983.

Congratulations on being recognized for a world-class, and inspirational supplier diversity initiative. Thank you for your ongoing work to "drive supplier diversity success"!

Stats and information on why SMEs add a greater return on buying operations ... even on a global scale.

Thanks to Procurement Leaders blog for this insightful article on SMEs (Small Minority Enterprises):

"[SMEs] open up opportunities in terms of access to innovations, which can help boost market share while, importantly for procurement, they have also been proven to deliver a greater return on purchasing activities.

Research by The Hackett Group found that those companies who have an established supplier diversity programme in place tend to generate a 133% greater return on their buying operations than those that don’t."

Jesse Jackson—Why Diversity in Silicon Valley Matters

Supplier diversity, along with diversity in the talent pool, needs to improve in Silicon Valley. Jackson brings great stats and insights to the discussion table here.