Best Practices

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MBE BEST PRACTICES

SHG & Fortune 500 companies are committed to developing programs for mutually advantages business relationships with MBE's.

BACKROUND:

Fortune 500 corporations are committed to developing mutually advantageous business relationships with small businesses and firms owned and operated by minorities. Each year, Corporations purchase a broad range of products and services from diverse businesses. Fortune 500 corporations and Suppliers who do business with fortune 500 corporations should be expected to demonstrate their commitment to diversity through a plan or program established within their own business operations that quantitatively measures their purchases of goods and services from minority, owned businesses. SHG acknowledges and offers opportunities to those fortune 500 corporations and majority suppliers who want to assist these organizations with their diversity policies by utilizing MBE and second-tier diverse suppliers.

These efforts benefit the customers, shareholders and the communities in which we live and work.

PHILOSOPHY:

SHG is an expert when it comes to understanding and creating Diversity Supplier Qualification Programs. In fact, SHG works with Fortune 500 Corporations to help them build and implement Diversity Programs. While establishing these programs, SHG creates requirements that seek the best quality, value and service, at the best cost, for all of its supplier qualifications. It is the desire of SHG to help its clients select the supplier who delivers the best overall value; value that consists of competitive pricing, technological foresight, information management, and continuous and proactive support of products and services. SHG is committed to formulating diversity programs that actively seek goods and services from minority businesses. We strive to enhance the policies of Fortune 500 corporations so that their supplier base reflects the markets that they serve. SHG can help corporations create new diversity programs or provide increased benefits by enhancing already established qualifications and requirements.

SHG also works with corporations to help develop diversity programs that will be used by their majority supplier base who need to understand and integrate diversity programs within their own purchasing systems. We encourage our clients to require that all of their majority suppliers actively participate in each Supplier Diversity initiative by seeking tier two relationships with, and committing a percentage of expenditures to minority owned businesses. This additional participation demonstrates added value on the part of the corporation's true expectations of their majority supplier base.