Policies
Premier, one of the largest group purchasing organizations in the country, is committed to the growth and success of minority-, women-, veteran-owned and small businesses through its Supplier Diversity initiative. We are committed to delivering value and optimizing our competitive advantage for the benefit of our members. Our contracted suppliers play a critical role in differentiating the Premier healthcare alliance and meeting the needs of our broad membership base. Integrating and leveraging supplier diversity into the way we do business helps us maximize competitiveness and creates real opportunities for more minority-, woman-, veteran-owned and small businesses to grow their market share with our members. By diversifying the supply chain composition with small and diverse supplier options, we believe we are providing cost-cutting solutions, innovation and economic vitality for our nonprofit hospitals and the communities they serve.
The momentum is growing. At Premier, we believe in setting quantifiable goals to demonstrate the success we drive through having diverse and small businesses on our contract portfolio. Premier is intent on nurturing, maintaining and expanding diverse suppliers in the supply chain. We continue to offer our members a diverse supplier portfolio that helps them meet their supplier diversity expenditure requirements and requests for more contracting opportunities. Our flexible sourcing strategies also allow Premier to proactively employ different approaches to sustain and add to our current base of diverse suppliers. In 2008, Premier introduced Sourcing Education and Enrichment for Diverse and Small Suppliers (SEEDS™), a program aimed at increasing the number of small, diverse and regional companies doing business with members of the Premier alliance. Further, we encourage our contracted suppliers to support and procure from small and diverse suppliers and we have witnessed the fruitful results these collaborations can produce.
Premier is committed to the richness supplier diversity invites into the supply chain. We look forward to continuing to work with our contracted suppliers and members to make our Supplier Diversity initiative a key part of the way we do business.
Susan DeVore
President and CEO
Effective date: July 1, 2009