Ingersoll Rand is committed to a diverse and innovative supply base.
Supplier diversity is integral to our global supply chain strategy not
only because it is consistent with our values, but also because it
enhances competitiveness and capacity building, drives market
connectivity and creates jobs and economic growth in the marketplace.
The supplier diversity program, launched in 2012, embraces suppliers
whose ownership is primarily minorities, women, veterans, LGBTQ
individuals or people with disabilities.
We use a 7-step strategic sourcing process that includes a Supplier Diversity Matrix,
We focus on four pillars:
We use a seven-step strategic sourcing process that includes a Supplier Diversity Matrix, which enables us to avoid using price as the primary driver for supplier selection. Instead, we consider a range of factors as agreed upon by a cross-functional team, including supplier diversity, quality and risk.
SUPPLIER DIVERSITY DATA
We purchased $411 million in goods and services from diverse-owned businesses in 2017, an 11% increase from 2016.
Since the inception of the program, we have purchased more than $1.7 billion in goods and services from diverse-owned businesses in the United States.
In 2016, Ingersoll Rand joined other organizations to make a commitment through WEConnect International to expand inclusive sourcing by collectively spending $15 billion with women-owned businesses globally over the next five years. Ingersoll Rand reported $205.1 million global spend with women-owned businesses in 2017, the first reporting period for this commitment. We recognize that inclusion of women-owned businesses in our supply chain promotes innovation and enables women to build wealth and sustainable prosperity in their communities across the world.