Florida Minority Supplier Development Council - What Steps do I Take to Implement an MBE Program?

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What Steps do I Take to Implement an MBE Program?

Policy - The Corporate MBE Policy should be endorsed by senior management

MBE Legitimacy (Certification) - World Class Supplier Diversity Programs use the National Minority Supplier Development Council (NMSDC) to certify (verify) minority business ownership
Provide Incentives - Positive efforts and results need to be rewarded and encouraged.
Set Goals - Whether the attainment of a percentage of your annual budget is your goal or a percentage increase in purchases from MBE's, your goals should be measurable.
Analyze Practices - Installing an MBE process usually means reviewing existing practices. Analyze present practices, with corresponding recommendations to ease MBE participation.
Keep Score - Measure results regularly and determine if you reached your objectives. If not, determine what went wrong and revise plans.
Recognize your Successes - A recognition program is one of the most effective tools for increasing MBE participation.

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