Chrysler is an award-winning company known for its innovative vehicles. It takes that same attitude in every aspect of the business, including how it chooses and deals with its suppliers. It is this business practice that led to the company to being recognized as Company of the Year by National Minority Supplier Development Council.
The company has spent more than $52 billion in purchases from the minority-owned suppliers that they work with. They also started up two programs that focus on helping minority suppliers and creating more opportunities.
Matchmaker is one such program. It is in the 15th year of existence and provides opportunities for minority-owned businesses, as well as those owned by women and veterans. At least 16.5% of the purchases made for Tier 1 and Tier 2 suppliers must come from those owned by minorities.
Another program is the High Focus program. It was created in 2011. It is designed to help suppliers meet their diversity spend status. While Chrysler does not require its Tier 1 suppliers to be active is supplier diversity programs, it does encourage it.
Chrysler recognizes the important contributions that minority-owned suppliers can make in bringing products that appeal to the diversified customer base it enjoys. This award just recognizes another aspect about what makes Chrysler great.