Lingual Information System Technologies, Inc. (dba LG-TEK)
Master Subcontract & Supplier Diversity Corporate Plan
Fiscal Years 2010 - 2015
Within LG-TEK, all employees who generate a requirement, approve a purchase, commit LG-TEK funds, identify or select suppliers, or manage a supplier relationship are responsible for establishing and maintaining a strong, competitive supply base.
LG-TEK is committed to providing opportunities to small, minority-owned, and women-owned businesses and views Supplier Diversity as an important business imperative. We are focused on continuous improvement in this as in all areas of business. We must push business effectiveness and operational efficiency to the limit. Our goal is to make LG-TEK a world class leader in Supplier Diversity. This Plan provides a clear path for reaching that goal.
Supplier Relations
The LG-TEK Supply Chain Management activities operate under eight Supplying Principles that represent the strategic elements that guide LG-TEK buying and material management activities. Each principle is central to obtaining the financial, operational, and public policy goals outlined in LG-TEK’s Transformation Plan.
The LG-TEK’s Supplier Relations Principle aims to establish and maintain a strong, competitive supplier base that reflects the diversity of the American Supplier community. LG-TEK is committed to having a world-class supply base. LG-TEK supplying professionals will seek out methods to optimize its supplier base in line with the specific characteristics of the market, the good or service being supplied, and the goals of LG-TEK.