Cintas Corporation’s Supplier Diversity Initiative Celebrates 10 Years
January 12 2017 - 9:28AM
Business Wire
Company looks back on a decade of diversity
accomplishments
This month, Cintas Corporation (NASDAQ: CTAS) marks the 10-year
anniversary of its supplier diversity initiative. Over the last
decade, the initiative has helped Cintas build a robust network of
certified diverse suppliers, train minority- and women-owned
business enterprises (MWBEs) and strengthen the communities in
which the company operates.
“Diversity is a key ingredient to the success of our
organization because it helps drive a competitive advantage,
customer satisfaction, innovation, flexibility, shareholder value,
revenue and more,” said Phillip Holloman, President and COO,
Cintas. “Our customer base is diverse so it’s crucial that our
supply chain is as well. We’re thrilled to mark this important
milestone and continue setting new goals for the future.”
Over the last decade, Cintas has noted numerous supplier
diversity accomplishments, including:
- Spent over $1.5 billion with
diverse suppliers, finishing Fiscal Year 2016 at 11.5 percent
- Dedicated about 58 percent of
diverse spend to minority-owned businesses
- Allocated about 42 percent of
diverse spend to women-owned businesses
- Trained more than 1,400
suppliers in courses such as “Selling the Cintas Way,”
“Meticulous Hiring” and “Leading Negotiations”
- Formed a Supplier Diversity Executive
Steering Committee with 35 executive-level
employee-partners who are change agents carrying the message of
supplier diversity throughout the organization.
- Joined and participated in key
organizations, including the National Minority Supplier Development
Council (NMSDC), the Women's Business Enterprise National Council
(WBENC), the Canadian Aboriginal and Minority Supplier Council
(CAMSC) and the National Veteran Owned Business Association
(NaVOBA)
- Won over 40 awards, including WE
USA “100 Corporations of the Year,” MBN USA “Corporate 101: Most
Admired Companies,” the Ohio MSDC’s “Class II Corporation of the
Year” and 2016 Diversity Plus –Top 30 Champions of Diversity
- Dave Wheeler, Senior Vice President of
Global Supply Chain serves on the Executive board of the NMSDC and
chairs the Programs Committee
Over the next three years, Cintas’s objectives include
increasing savings and total value delivered by suppliers, growing
revenue through the use of MWBEs, increasing training and expanding
efforts with other diverse populations. Cintas also plans to
progressively increase spending with diverse suppliers and develop
accountability goals for all divisions to ensure supplier diversity
is a top priority across the organization.
“Our diverse suppliers are a vital component to our long-term
business strategy,” said David Wheeler, Senior Vice President of
Global Supply Chain, Cintas. “When we expand and maximize the use
of our network of suppliers, everybody wins.”
“Cintas’s commitment to diversity and inclusion has provided
significant growth for the RCF Group,” said Carl Satterwhite,
President, RCF Group, a workplace solutions company.
For more information, visit
http://www.cintascsr.com/supplier_diversity.php.
About Cintas Corporation
Cintas Corporation helps more than 900,000 businesses of all
types and sizes get READY™ to open their doors with
confidence every day by providing a wide range of products and
services that enhance our customers’ image and help keep their
facilities and employees clean, safe and looking their best. With
products and services including uniforms, mats, mops, restroom
supplies, first aid and safety products, fire extinguishers and
testing, and safety and compliance training, Cintas helps customers
get Ready for the Workday®. Headquartered in Cincinnati,
Cintas is a publicly held company traded over the Nasdaq Global
Select Market under the symbol CTAS and is a component of both the
Standard & Poor’s 500 Index and Nasdaq-100 Index.
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Mulberry Marketing CommunicationsJess
Messenger312-664-1532jmessenger@mulberrymc.com
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