Lingual Information System Technologies, Inc. (dba LG-TEK)
Master Subcontract & Supplier Diversity Corporate Plan
Fiscal Years 2010 - 2015

Supplier Diversity

Supplier diversity is the proactive business process that seeks to provide suppliers with access to purchasing and business opportunities. Supplier diversity is defined by:

• Supply Management (SM) policies and objectives;
• The purchasing process; and
• Continuous improvement and monitoring.

Supplier diversity objectives include:

• Process improvements that promote opportunities for all suppliers to provide value-added products and services;
• Continued broad market research and analysis of the supplier community to identify and select the best suppliers;
• Awareness and information sharing.

Laws, regulations, and LG-TEK’s Supplying Principles and Practices help shape supplier diversity objectives which are aligned with LG-TEK and SM objectives.

The Master Subcontract & Supplier Diversity Corporate Plan is developed to ensure a continued focus on improving our supplier relationships with Small Business (SB), Small Disadvantaged Business (SDB), Women Owned Small Business (WOSB), Veteran (VOB), Service Disabled-Veteran Owned (SDVOSB), HUB-Zone, Historically Black Colleges and Universities (HBCU), and Minority Institutions (MI). The Plan outlines a variety of discretionary activities that align with processes and procedures identified in LG-TEK’s Supplying Principles and Practices.

Management Involvement...