In the United States, Canada and Puerto Rico, we enforce a small business/supplier diversity policy ensuring that equitable opportunities are afforded to small and diverse-owned businesses. We have supplier diversity champions for each division and major categories to oversee, monitor and track diverse supplier spend. In 2015, our diverse spend was $1.1 billion.
We allow suppliers to self-certify however we encourage certifications through private or public 3rd party agencies such as Women’s Business Enterprise National Council (WBENC), National Women Business Owners Corp (NWBOC), National Minority Supplier Development Council (NMSDC) or regional affiliate, US Business Leadership Network (USBLN), Small Business Administration (SBA), National Veteran-Owned Business Association (NaVOBA), etc.
Currently, Abbott tracks spend with the following small business/diverse supplier classifications:
- Alaska Native Corporations/Indian Tribes
- Small Disadvantaged
- Service-Disabled Veteran
- Historically Underutilized Business Zone
Outreach and Advocacy Activities
Abbott representatives also participate in local, regional and national matchmaking events and trade fairs. Prospective suppliers are given the opportunity to share their products or services face to face, with Abbott purchasing representatives. A few examples of such events include:
- Women's Business Enterprise National Council (WBENC) National Conference & Business Fair
- National Veterans Small Business Conference and Expo
- Elite Service Disabled Veteran-Owned Business National Convention
- National Minority Supplier Development Council (NMSDC) Conference & Business Opportunity Exchange
Second-Tier Supplier Reporting
Supplier diversity is a competitive advantage and good citizenship; thus, we strongly encourage our prime suppliers to implement a small business or supplier diversity program. Abbott asks our top suppliers to submit second-tier reports quarterly.
Begin your company introduction in three steps:
1. Send the following to firstname.lastname@example.org:
- General capability statement
- Current diversity certification
- Link to your website
2. Register here.
3. Self-certify here.
A full review process of supplier viability is a prerequisite to doing business with Abbott. However, being a viable supplier in no way guarantees business.
Frequently Asked Questions
Q. Does my company qualify as a diverse supplier?
A. Abbott defines a diverse supplier as:
- 51% owned and operated by a woman, minority, veteran, person with a disability or a certified small business via the Small Business Administration (SBA)
- Located in the US, Canada or Puerto Rico
- Owned by a citizen of the US, Canada or Puerto Rico
- Certified by one of the following agencies: National Minority Supplier Development Council (NMSDC) or regional affiliate, National Women Business Owners Corporation (NWBOC), Women’s Business Enterprise National Council (WBENC), US Business Leadership Network (USBLN), Small Business Administration (SBA), National Veteran-Owned Business Association (NaVOBA) or other government or public agency
Q. I have submitted my company introduction. When and how do I get feedback? What is my next step?
A. You should get an acknowledgement from Abbott that your introduction has been received. Once available, the result of the review process will be communicated to you via email and you will be informed of the next steps as applicable.
Q. How can I learn which outreach events Abbott will participate in? Where do I get additional information about Abbott’s supplier diversity program?
A. You may send your inquiries to email@example.com to request information.