By Special to the Daily World
The National Minority Supplier Development Council, Inc., (NMSDC) presented Toyota Motor Engineering & Manufacturing North America Inc. (TEMA) with the prestigious “Corporation of the Year” award at a black-tie awards banquet to cap its four-day conference and business opportunity fair in Atlanta recently.
NMSDC’s Corporation of the Year award is the most sought-after honor for major corporations that are dedicated to improving the overall participation of Asian, Black, Hispanic and Native American suppliers in the global corporate supply chain.
In winning the award, TEMA demonstrated a strong commitment to building capacity and capability of minority businesses within their corporation and in partnership with NMSDC. The company led two modules of NMSDC’s Centers of Excellence program – a network of regional business modules composed of corporate supplier diversity/purchasing executives and minority business enterprise (MBE) owners. The program uses NMSDC “best practices” for minority supplier development to enhance corporate supplier diversity processes and build capacity for MBEs. To date, seven participating MBE companies were awarded business directly with Toyota. The automaker also sponsored two companies in NMSDC’s Corporate Plus program, a special classification for minority businesses with proven success in executing national contracts and the capacity to handle more.