Last updated December 2020
Supplier Diversity Policy
Diversity & our mission
XY Sense works to create mutually beneficial business relationships with diverse suppliers that strengthen the communities in which we operate.
We are committed to developing mutually beneficial relationships with small, minority-owned, women-owned, disadvantaged/disabled, veteran owned and L.G.B.T.Q.I.A+ business enterprises. The primary goal of XY Sense’s Supplier Diversity Program is to provide opportunities to diverse suppliers that satisfy our procurement and contractual standards. Secondarily, it supports our customers in achieving their own corporate diversity goals.
XY Sense sourcing teams are encouraged to identify and include diverse suppliers and service providers in the procurement process. Diverse suppliers that demonstrate the ability to add value, provide high-quality goods and services that are competitively priced, reliable, and aligned with our strategic business model may be included in our sourcing and procurement process. This policy reflects our desire at XY Sense to create opportunity for suppliers to market their products and services to XY Sense and to encourage XY Sense to offer opportunities to such suppliers.
The XY Sense Supplier Diversity Committee (the “SDC”)is responsible for the implementation and oversight of this policy. The SDC identifies and encourage departments to explore opportunities to identify small, minority-owned, women-owned, disadvantaged/disabled, veteran owned and LGBTQA business enterprises to compete for business and from whom to obtain goods and services whenever possible.
The SDC, which is composed of senior employees from XY Sense’s various business units, meets regularly to review XY Sense’s progress and status on supplier diversity issues and makes recommendations related to this policy and other diversity initiatives. To achieve results, XY Sense develops and monitors short- and long-term supplier diversity objectives.
The Supplier Diversity Committee (SDC) maintains awareness of resources and encourages diversity suppliers to meet with XY Sense associates to review product/service specifications, and review supplier qualifications including licenses, certification, and insurance requirements as appropriate.
Our objectives include:
Actively seeking out certified diverse suppliers that can provide competitive, high quality goods and services whose business model is aligned with our business strategy.
Ensuring the inclusion of diverse suppliers as a part of our strategic sourcing and procurement processes.
Communicating the value of supplier diversity both internally and externally to all stakeholders.
Leveraging our supplier diversity results to meet our corporate customers’ supplier diversity requirements.
The XY Sense Supplier Diversity Program aims to achieve corporate diversity goals while enabling the growth of diverse businesses in our communities. We strive to create vendor– buyer relationships that allow diverse organizations to continue to develop, while offering quality products at competitive prices.
XY Sense is committed to the successful implementation of this policy.
CoFounder & CEO