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Ford reports it exceeded goals for purchasing with minority firms for fourth year

(June 11, 2014) Automaker Ford reported that for the fourth consecutive year, it exceeded its purchasing goals from minority-owned and diverse suppliers. Through its Supplier Diversity Development (SDD) program Ford aims to source at least 10 percent of its $50 billion U.S. purchasing budget with diverse suppliers annually.

In 2013, Ford purchased $6.5 billion in goods and services from minority-owned suppliers, $1.8 billion in goods and services from women-owned businesses and $600 million in goods and services from veteran-owned companies.

"Ford has been a longstanding supporter of diversity in many forms, and this includes our supplier base," said Hau Thai-Tang, group vice president, Global Purchasing. "These suppliers are an integral part of our overall growth and sustainability. They bring a fresh perspective that continues to lead to cutting-edge innovations and accelerate the development of new vehicles -- vehicles that our customers want and deserve."

Ford's SDD program currently works with 400-plus diverse suppliers; more than 25 of these companies have been doing business with Ford for more than 20 years. The program also partners with various community organizations, trade associations and business leaders to ensure that it continues to represent the interests of diverse businesses.

Demonstrating its commitment to a diversified supply chain network, Ford encourages its Tier-1 suppliers to also support diverse businesses. In 2013, Ford's Tier-1 suppliers purchased more than $2.57 billion in goods and services from minority, women and veteran-owned companies, an increase of 19 percent from 2012.

"For over 35 years, Ford has been committed to growing and strengthening its relationships with diverse suppliers," said Carla Preston, Supplier Diversity Development director. "Through our Supplier Diversity Development program, we are contributing to the greater good, leading to new opportunities for economic expansion and job growth across Michigan, our nation and globally."

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