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Lingual Information System Technologies, Inc.
Master Subcontract & Supplier Diversity Corporate Plan
Fiscal Years 2007 - 2010

 

Lingual Information System Technologies, Inc. (LinguaLISTek) has undergone a transformation from small to mid-size business. LinguaLISTek is certified as a Woman-Owned, Minority-Owned, and Veteran-Owned business. The business environment in which the LinguaLISTek competes is increasingly competitive. If LinguaLISTek is going to succeed, then it must take full advantage of all resources available. LinguaLISTek, like any service provider, depends on its suppliers — they are a key resource helping LinguaLISTek to meet customer expectations. LinguaLISTek continues to perform broad market research and analysis of the American supplier community to identify and select the best suppliers. LinguaLISTek 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, LinguaLISTek 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. LinguaLISTek has established a Diversity Supplier Plan that lays the foundation for the program to ensure continued and optimized use of diverse companies.

Within LinguaLISTek, all employees who generate a requirement, approve a purchase, commit LinguaLISTek funds, identify or select suppliers, or manage a supplier relationship are responsible for establishing and maintaining a strong, competitive supply base.

LinguaLISTek 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 LinguaLISTek a world class leader in Supplier Diversity. This Plan provides a clear path for reaching that goal.


Supplier Relations

The LinguaLISTek Supply Chain Management activities operate under eight Supplying Principles that represent the strategic elements that guide LinguaLISTek buying and material management activities. Each principle is central to obtaining the financial, operational, and public policy goals outlined in LinguaLISTek’s Transformation Plan. The LinguaLISTek’s Supplier Relations Principle aims to establish and maintain a strong, competitive supplier base that reflects the diversity of the American Supplier community. LinguaLISTek is committed to having a world-class supply base. LinguaLISTek 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 LinguaLISTek.

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 LinguaLISTek’s Supplying Principles and Practices help shape supplier diversity objectives which are aligned with LinguaLISTek 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 LinguaLISTek’s Supplying Principles and Practices.


Management Involvement...

   
       
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