LG-TEK
Master Subcontract & Supplier Diversity Corporate Plan
Fiscal Years 2018 - 2023
Lingual Information System Technologies, Inc. (dba LG-TEK) has undergone a transformation, as a growing business. LG-TEK is certified as an Economically Disadvantaged Woman-Owned Small Business (EDWOSB), as well as a Minority-Owned, and Veteran-Owned Small Business. The business environment in which the LG-TEK competes is increasingly competitive. If LG-TEK is going to succeed, then it must take full advantage of all resources available. LG-TEK, like any service provider, depends on its suppliers as they are a key resource helping LG-TEK to meet customer expectations. LG-TEK continues to perform broad market research and analysis of the American supplier community to identify and select the best suppliers. LG-TEK maintains a tight focus on core products and services to ensure that universal, affordable services continue to have the power to communicate, reach key audiences, and help bind America together. To achieve this, LG-TEK relies heavily on its small, minority-owned, and women-owned suppliers that are agile, responsive, and effective. These suppliers make up the majority of firms in the United States, and drive growth in the American economy. LG-TEK has established a Diversity Supplier Plan that lays the foundation for the program to ensure continued and optimized use of diverse companies.
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.