Winning through Supplier Diversity

By: Nisha Sharma

Verizon understands the power of our differences. That’s why we are focused on building a supply chain as diverse as our customers. We strengthen our network by helping to grow suppliers in the communities we serve. Talk about a win-win.

Our Supplier Diversity team is constantly seeking to expand partnerships with certified diverse suppliers that are:

  • Women owned businesses
  • Veteran and service disabled veteran owned businesses
  • Ethnic minority owned businesses
  • Disabled business enterprises
  • LGBT owned businesses

Our Supplier Diversity team focuses on strategic engagement to exceed goals. This includes actively working with third party organizations like:

  • National Minority Supplier Development Council
  • National Gay and Lesbian Chamber of Commerce
  • The Billion Dollar Roundtable
  • The Elite Service Disabled Veteran Owned Business Network
  • Women’s Business Enterprise National Council
  • U.S. Business Leadership Network
  • United States Hispanic Chamber of Commerce

Verizon is also focused on developing strong partnerships with non-diverse businesses to report tier two spend so that diverse suppliers have opportunities to work on Verizon. We participate in benchmarking best practices for tier two reporting, and we’re a proud industry leader in part because of our tier two program.  

Verizon has received multiple awards and accolades for our contribution to Supplier Diversity.  Some of our awards include:

  • Million Dollar Club- USHCC – seven consecutive years
  • Top Company for Women’s Business Enterprises – WBENC
  • Top Organization for Multicultural Women –Diversity Business.com

Read more information about our commitment to Supplier Diversity

About the author(s): 

Nisha Sharma is a Supplier Diversity Manager at Verizon, supporting the Diversity and Inclusion team.