Diverse Supplier Spending
Spending for goods and services provided by minority- and woman-owned businesses increased considerably, from $143.2 million in 2006 to $187 million in 2007. This 31 percent increase significantly exceeded our goal of a 5 percent increase, or $150.4 million.
There were two major reasons: One was a large increase in spending with a principal supplier; the other was improved record-keeping. We are consolidating data from accounts payable systems used by our Midwest and Carolinas operations and have better data on small purchases made with company credit cards. Both improvements help us better track purchases from diverse suppliers.