The National Minority Supplier Development Council presented Chrysler Group LLC with its most prestigious award at a black-tie Awards Banquet at the conclusion of its annual Conference in Orlando.
NMSDC NAMES CHRYSLER GROUP LLC CORPORATION OF THE YEAR Orlando, Florida, November 6, 2014– The National Minority Supplier Development Council (NMSDC®) presented Chrysler Group LLC with its prestigious “Corporation of the Year” award at a black-tie awards banquet on Wednesday, November 5, to cap its four-day conference and business opportunity fair in Orlando, Florida.
NMSDC’s Corporation of the Year award is the most sought-after honor for major corporations that are dedicated to improving the overall participation of Asian, Black, Hispanic and Native American suppliers in the global corporate supply chain.
“Chrysler has a long history of commitment to minority supplier development,” said NMSDC President Joset Wright-Lacy. “Their development initiatives for minority suppliers, coupled with the billions of dollars the automaker spends with certified minority business enterprises (MBEs) distinguishes the company from its corporate peers. We are proud to honor Chrysler with our most prestigious award.”
Chrysler edged out Ford and Johnson Controls for the top award of the evening. With a world- class supplier diversity and development program that spans 31 years, Chrysler sources nearly 17 percent of its products, services and solutions from diverse suppliers for a total spend of more than $5 billion. The company was the first automotive company to launch a Tier 2 program, and
its Tier 1 suppliers are required to report their spend with diverse suppliers. Eighty-five percent of their Tier 1 suppliers do business with certified MBEs, accounting for a spend of $3.1 billion. Its Tier 2 transformational program has improved the spend with the 160 high focus suppliers by
more than 750 percent, with $985 million reported in 2013.
Additionally, Chrysler’s development programs have produced 34 joint ventures (with two pending). They also offer MBEs the opportunity to participate in its world-class Lean Manufacturing training program. Annually, more than 3,000 MBEs attend its Matchmaker program, which has had a $2.1 billion impact.
The National Minority Supplier Development Council advances business opportunities for certified Asian, Black, Hispanic and Native American business enterprises and connects them to its corporate members. One of the country’s leading corporate membership organizations, NMSDC was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes.
The NMSDC Network includes a national office in New York and 24 affiliate councils across the country. There are 1,750 corporate members throughout the network, including America’s top publicly-owned, privately-owned and foreign-owned companies as well as universities, hospitals and other buying institutions. The affiliate councils certify and match nearly 12,000 minority- owned businesses with member corporations that want to purchase their products, services and solutions.
For more information about NMSDC, call (212) 944-2430 or visit the website at www.NMSDC.org.