As part of this belief, we are committed to partnering with and expanding opportunities for diverse suppliers within our business. We understand that diverse suppliers add value through their innovative ideas, fresh perspectives and dedication in responding to our needs. By identifying and promoting diverse suppliers, we are able to deliver world-class products and services that enable healthcare providers to better treat their patients, ultimately aiding those patients in leading more active and satisfying lives.
Our supplier diversity team is responsible for developing strategic program initiatives, integrating requirements into our sourcing processes, and interfacing with internal and external stakeholders. The following overview outlines our continuing efforts toward furthering our partnership with diverse suppliers.
The purpose of our program is to develop and maintain a more inclusive supply base through a continuous commitment to the discovery and development of diverse suppliers within the following socio-economic categories:
Small business, including:
We actively engage with trade associations, diversity councils, and other groups to increase diverse supplier development opportunities. We currently participate or hold membership in:
We also attend events with diverse suppliers, including:
If you are a diverse business and are interested in working with us, please complete your company profile in our Potential Supplier Registration Portal.
Please note that registration is not a guarantee of inclusion in subcontracting opportunities. We base inclusion in subcontracting opportunities on additional factors, including identified need, capabilities, innovation and quality system requirements.
Once a diverse supplier has been identified, we review their submitted information and evaluate whether or not they meet a current need. Fully qualified diverse suppliers are then considered during the subcontracting process. Throughout the development of any subcontracting opportunity and its award, all potential suppliers (both diverse and non-diverse) are evaluated based upon:
2018 North American diverse spend
|$ Spend (in Millions)||% of North American spend|
|Minority, woman and veteran-owned business||$228.6||10.2%|
Note: $160.5M in overlapping spend exists between the "Small business" and "Minority, women, and veteran-owned business" categories listed above
SYK CORP 2018-04-12