Supplier Diversity TIPS AND RECOMMENDATIONS FOR DIVERSE SUPPLIERS

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Presentation transcript:

Supplier Diversity TIPS AND RECOMMENDATIONS FOR DIVERSE SUPPLIERS ON NAVIGATING CORPORATE AMERICA

Wyndham Worldwide One of the World’s Largest Hospitality Companies (NYSE:WYN)

Wyndham Worldwide Overview Iconic brands and hotel choices in every category from upscale to economy, we offer the most lodging choices around the world. Offers vacation options in more than 100 countries on six continents. Over 200 vacation ownership resorts throughout the United States, Canada, Mexico, the Caribbean and the South Pacific.

Market Position Worldwide Wyndham Worldwide Leading Positions in Leisure industry Major Brands Include Business Segment Market Position Worldwide #1 Franchisor by Hotels Hotel Group #1 Timeshare Exchange and Rental Company Destination Network #1 Timeshare Developer Vacation Ownership

Wyndham Worldwide Supplier Diversity Is an integral part of the Wyndham corporate culture and a vital element to our success Encompasses our key values of supporting our communities and improving our customers’ lives Provides mentoring to those diverse suppliers who succeed in obtaining our business Includes outreach activities Supplier diversity is a proactive business process that seeks to provide equal access to all suppliers regardless of ethnicity, gender or sexual orientation for procurement opportunities

Pillars of Wyndham Supplier Diversity Strong Top Management Commitment Top Notch Strategic Sourcing Management Proactive Involvement in all aspects of Supplier Diversity Vibrant Supplier Diversity Council/ Champion Structure Stakeholder Involvement and Relationship Building Dynamic Diverse Business Community Outreach Program Think Supplier Diversity Upfront and Early!

NAVIGATING CORPORATE AMERICA AS A DIVERSE SUPPLIER Agenda NAVIGATING CORPORATE AMERICA AS A DIVERSE SUPPLIER The basics… Basics One Page Profile Value Add Proposition Business Plan Know your Capability Target Customers that are “Right Fit “ for you Patience!

NAVIGATING CORPORATE AMERICA AS A DIVERSE SUPPLIER …is a balancing act Understand the corporate/procure-ment culture Maintain Acceptable Credit History Understand Corporate pain points and offer solutions Relationships! Seek Corporations with membership in advocacy groups Innovate, Push the envelope and Dream Big Consider Joint Venture or Strategic Alliance Find a mentor in Corporate America Connect with your potential client at the right level

Minimum Qualification For Potential Suppliers Suppliers must be certified and demonstrate: Capacity Proven Financial Viability Geographic Bandwidth (Regional) $1M Minimum Revenue Experience 3 Year Business History Industry Knowledge and Hospitality References are a Plus Supplier offering relevance to WWC business solutions and strategy Technical Competence Innovative and Solutions Oriented Value Add Competitive Pricing and Cost Saving Solutions Quality Assurance On Time Delivery

Potential Business Opportunities for Diverse Suppliers Security Services Energy Management Waste oil Removal Vent Hood Cleaning Parking Technology MRO Manufacturers Deep Cleaning Companies General Construction Landscaping and Snow Removal Fabrics and Artwork Upholstered Seating Carpet Manufacturers Case Goods Manufacturers Windows Treatments

Emerging Business Opportunities for Diverse Suppliers Some of our Successful Diverse Suppliers Operating supplies and equipment Terry, Linen & Top of bed Information Technology Information Technology Operating supplies and equipment Housewares, Kitchenware Cups, Memo pads, Laundry bags Marketing Information Technology Operating supplies and equipment Legal Printing

Diverse Business Community Outreach NMSDC National Minority Supplier Development Council NY/NJ Florida, Indiana & NW Minority Supplier Development Council Auxiliary Relationships USHCC United States Hispanic Chamber of Commerce Morris County & Metro Orlando Hispanic Chambers NGLCC National Gay & Lesbian Chamber of Commerce Local Chambers Hispanic Association for Corporate Responsibility AACC African American Chamber of Commerce New Jersey & Central Florida Latina Style USPAACC United States Pan Asian American Chamber of Commerce DiversityInc NAVOBA National Veteran-Owned Business Association WEConnect International Connecting Women Enterprises with Market Opportunity National Association of Black Hotel Owners, Operators and Developers NWBOC National Women Business Owners Corporation International Minority Supplier Development MSD China & MSD UK Latino Hotel Association WBENC Women Business Enterprises National Council WPEO-NY WBDC-FL WBEC-PA/DE/NJ NHBG National Hispanic Business Group

Wyndham Worldwide Supplier Diversity Supplier Registration Website: SUPPLIER REGISTRATION DETAILS Suppliers that meet all the minimum qualifications and wish to become a Wyndham supplier should visit our Supplier Registration Website: suppliers.wyndhamworldwide.com