At Intel, we look for ways to apply our technology to address global challenges while serving as a role model for how companies should operate. When it comes to our suppliers, Intel expects strong partners that help build successful solutions while understanding our goals and commitments to a responsible supply chain.
For several years Intel has been focused not only on workplace diversity but on diversity in our supply chain. Our commitment includes a corporate goal to increase our annual diverse spending to $1 billion by 2020, including $200 million with women-owned businesses worldwide.
Working with diverse-owned suppliers generates greater innovation and value within our global supply chain.
Consider the following
- 33% ROI on procurement operation costs for companies focused heavily on supplier diversity versus the typical business. (Source: Hackett Group)
- 55% of the U.S. population will be minorities by 2050, shifting purchasing power. (Source: S. Census Bureau)
- There were 340,000 new jobs created by women-owned businesses between 2007 and 2015 while male owned businesses cut 1.2 million jobs. (Source: 2015 study by Womenable and American Express)
- As published in the Wall Street Journal, some companies have realized ~2x return on supplier diversity investments in revenue from bids that required inclusion and reporting.
We realize that diverse-owned suppliers may work directly with Intel as tier 1 suppliers or with one of our prime suppliers in a tier 2 capacity. In this way, all our suppliers, even public non-diverse companies, can create opportunities and contribute to inclusive business.
We have integrated requirements for including diverse suppliers into our supplier bidding, selection, and management processes, and into our Supplier Continuous Quality Improvement (SCQI) award. We apply these expectations and requirements to tier 1 suppliers, and we also expect our non-diverse suppliers to report their own spending with diverse-owned suppliers and subcontractors.
To learn more and to join Intel in creating a more diverse supply chain for electronics manufacturing …
Join the MOD Workgroup
We invite you to the SEMI Manufacturing Ownership Diversity group led by Intel, Texas Instruments, Applied Materials and DuPont. See the website for more information and contact information.
Attend Ideation Day 2020
We also invite you to attend Ideation Day, February 26, 2020, at Intel Chandler, Arizona Campus. The day is dedicated to gathering peer and supplier companies to generate ideas on growing supplier diversity in manufacturing and global construction across a wide range of industries, including medical, high-tech, electronics, automotive, capital equipment, logistics, chemicals, and more.
The event is designed for those with supply-chain and procurement responsibility, or those who represent a supplier diversity organization.
To register or for more information, contact Itai Shemesh at email@example.com.
Beckett Tracy is a Commercial Group Lead at Intel.