AT&T Named 2010 Corporation of the Year by the National Minority Supplier Development Council
Top national award recognizes AT&T's efforts to increase share of procurement spending with minority-owned businessesDallas, Texas, October 28, 2010 -- AT&T* has been named the 2010 Corporation of the Year by the National Minority Supplier Development Council (NMSDC). The prestigious award was given in recognition of AT&T's exemplary achievements in the inclusion of Asian, Black, Hispanic and Native American-owned providers in its supply chain.
"We are both honored and encouraged by the National Minority Supplier Development Council's recognition," said Tim Harden, president, AT&T Supply Chain and Fleet Operations. "Supplier diversity is a strategic component of our business plan and has enabled us to become a world leader in delivering the best products and services to our customers," he added.
AT&T's minority business enterprise spending has ranked among the highest in the country year after year. Since its program began in 1968, AT&T has spent $50 billion with diversity enterprises, more than $5 billion with minority enterprises -10 percent of its total-in 2009 alone. The company has worked hard to maintain its diversity spending objectives even during times of economic change, in fact increasing its diversity spending by $2 billion in the past two years. AT&T has an aggressive target of purchasing 21.5% percent of its total procurement from diversity suppliers.
Along with spending the NMSDC award recognized AT&T's 42-year leadership in supplier diversity. Many of the company's long-standing processes are considered industry best practices while new ones continue to be created. AT&T's Women of Color Businesses Growth Initiative and AT&T's Operation Hand Salute, which is targeted to disabled veteran-owned business, are examples of recent innovation. Both programs were created to mentor and coach diverse suppliers to better compete for corporate contracts.
Additionally, in July AT&T re-launched its Prime Supplier Program through a series of matchmaking events designed to target economically hard hit areas. These events are hosted in partnership with diverse community-based organizations, including local NMSDC councils, to provide opportunities for certified prospective suppliers to network with AT&T's prime suppliers.
AT&T is an original member of the Billion Dollar Roundtable - a diversity think-tank of only 17 corporations that spend more than $1 billion annually with women and minority-owned companies.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE® magazine.
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Posted: October 28, 2010