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2015 Award Winner: Tier 1 Champion of Supplier Diversity

Tier 1 Champion of Supplier Diversity – Magna

  Presented to a business-to-business Tier 1 corporation that actively supports its clients’ economic inclusion goals by including certified Aboriginal
  and minority suppliers in their procurement opportunities, assisting in the development of diverse suppliers and actively promoting supplier diversity
  across the corporation.

In recent years, Magna has demonstrated its leadership in expandingopportunities for diverse suppliers across its 160 facilities in NorthAmerica. They have overcome the challenges of promoting diversesuppliers in a largely decentralized purchasing environment through avariety of strategies, including requirements for inclusion of a minoritysupplier in all bid processes, supplier diversity progress as a fixedtopic in purchasing and sales meetings, and regular reporting toa variety of management and executive levels. They also activelyengage with certified suppliers at a range of events, and encourageparticipation from buyers at a wide range of Magna plants in orderto educate and engage internal champions.

Suppliers that are not successful in securing contracts are givenfeedback on competitiveness and improvements required by Magna inorder to be considered in the future. With a wide range of strategiesin place, Magna grew its spend 41% from 2013 to 2014, resultingin more than $89 million in spend with Canadian suppliers certifiedby CAMSC.

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