Supplier Diversity Spending Update
Sunday, November 5, 2006
In a recent
Purchasing
Magazine article on corporate spending with diversity businesses, the National Minority
Supplier Development Council (NMBDC) reported that diversity businesses represent 15% of all
businesses in the United States, but only receive 4% of corporate purchases.
In comparison, Penn Purchasing Services spend with diversity
businesses in FY2006 totaled approximately $52.5 Million, 7.4% of total purchases managed
by Purchasing Services.
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