CUMMINS FOR A SECOND YEAR IN A ROW TOPPED $1 BILLION IN BUSINESS WITH DIVERSE SUPPLIERS.
The suppliers spanned eight categories in the U.S. in 2015 despite a challenging economy the last half of the year.
“Our purchasing function, working with our business units, did a really good job looking for opportunities to do business with diverse and small business suppliers in 2015,” said Diversity Procurement Director Michelle Taylor. “Reaching $1 billion again in 2016 will be a challenge, but I’m excited about the opportunity to do even more.”
In 2015, Cummins reached $1.3 billion in spending with diverse and small business suppliers in the U.S., compared to $1.2 billion spent in 2014.
By working with diverse suppliers, Cummins increases competition for its business, which ultimately decreases costs and improves service. At the same time, diversity procurement develops economic growth in all of the communities where Cummins employees live and work, keeping with the company’s Corporate Responsibility value to “serve and improve the communities in which we live.”
The company participated in a number of diversity procurement events around the United States ranging from the 2015 National Gay & Lesbian Chamber of Commerce Business Matchmaker held in Ft. Lauderdale, Florida, to the U.S. Hispanic Chamber of Commerce convention in Houston, Texas.
At the Houston event, Cummins was inducted into the Hispanic chamber’s “Million Dollar Club,” which recognizes corporations reaching $50 million in spending with Hispanic-owned companies.
Outside the U.S., the company attended the 7th annual Minority Supplier Development China Summit in Beijing, and took steps to launch diversity procurement initiatives in Germany, Romania and Turkey.