T. Rowe Price (TROW) is recognizing National Black Business Month by highlighting its commitment to supplier diversity. The company aims to grow collaborations with Black small businesses and entrepreneurs, viewing supplier diversity as a business imperative essential for business and cultural growth. In Baltimore, TROW made efforts to use local resources for its new headquarters construction, partnering with the Capital Region Minority Supplier Development Council to identify certified, locally owned, diverse, and small businesses.
The company’s Supplier Diversity program promotes an inclusive procurement mindset, integrating supplier diversity into business and sourcing practices. This approach aims to generate efficiency, promote innovation, develop sustainable partnerships, and increase opportunities for diverse and small businesses. T. Rowe Price encourages other corporations to invest in supplier diversity and invites diverse and small businesses to explore their initiatives through their supplier registration platform.
T. Rowe Price (TROW) celebra il Mese Nazionale delle Imprese Nere evidenziando il proprio impegno per la diversità dei fornitori. L’azienda mira a far crescere le collaborazioni con le piccole imprese e gli imprenditori neri, considerando la diversità dei fornitori come un imperativo aziendale essenziale per la crescita economica e culturale. A Baltimora, TROW ha fatto sforzi per utilizzare risorse locali nella costruzione della sua nuova sede, collaborando con il Capital Region Minority Supplier Development Council per identificare aziende certificate, di proprietà locale, diverse e piccole.
Il programma di Diversità dei Fornitori dell’azienda promuove una mentalità di approvvigionamento inclusiva, integrando la diversità dei fornitori nelle pratiche aziendali e di approvvigionamento. Questo approccio mira a generare efficienza, promuovere l’innovazione, sviluppare partnership sostenibili e aumentare le opportunità per le aziende diverse e piccole. T. Rowe Price incoraggia altre aziende a investire nella diversità dei fornitori e invita le aziende diverse e piccole a esplorare le proprie iniziative attraverso la loro piattaforma di registrazione dei fornitori.
T. Rowe Price (TROW) está reconociendo el Mes Nacional de los Negocios Negros al destacar su compromiso con la diversidad de proveedores. La empresa tiene como objetivo incrementar las colaboraciones con pequeñas empresas y emprendedores negros, viendo la diversidad de proveedores como un imperativo comercial esencial para el crecimiento empresarial y cultural. En Baltimore, TROW ha hecho esfuerzos para utilizar recursos locales en la construcción de su nueva sede, asociándose con el Consejo de Desarrollo de Proveedores Minoritarios de la Región Capital para identificar empresas certificadas, de propiedad local, diversas y pequeñas.
El programa de Diversidad de Proveedores de la empresa promueve una mentalidad de adquisiciones inclusiva, integrando la diversidad de proveedores en las prácticas comerciales y de abastecimiento. Este enfoque tiene como objetivo generar eficiencia, promover la innovación, desarrollar asociaciones sostenibles y aumentar las oportunidades para empresas diversas y pequeñas. T. Rowe Price anima a otras corporaciones a invertir en la diversidad de proveedores e invita a empresas diversas y pequeñas a explorar sus iniciativas a través de su plataforma de registro de proveedores.
T. Rowe Price (TROW)는 흑인 기업 월드를 기념하여 공급업체 다양성에 대한 약속을 강조하고 있습니다. 이 회사는 흑인 소규모 기업 및 기업가와의 협력을 확대할 것을 목표로 하며, 공급업체 다양성을 비즈니스 및 문화 성장을 위한 비즈니스 필수 요소로 보고 있습니다. 볼티모어에서 TROW는 새로운 본사 건설을 위해 지역 자원을 활용하기 위해 노력했으며, 자격을 갖춘 지역 소유의 다양한 소규모 기업을 파악하기 위해 Capital Region Minority Supplier Development Council과 협력했습니다.
회사의 공급업체 다양성 프로그램은 포괄적인 조달 사고방식을 촉진하고, 비즈니스 및 소싱 관행에 공급업체 다양성을 통합합니다. 이 접근 방식은 효율성을 생성하고 혁신을 촉진하며 지속 가능한 파트너십을 개발하고 다양한 소규모 기업에 대한 기회를 증가시키는 것을 목표로 합니다. T. Rowe Price는 다른 기업들이 공급업체 다양성에 투자할 것을 권장하고, 다양한 소규모 기업들이 공급업체 등록 플랫폼을 통해 그들의 이니셔티브를 탐색할 수 있도록 초대합니다.
T. Rowe Price (TROW) célèbre le Mois National des Entreprises Noires en mettant en avant son engagement envers la diversité des fournisseurs. L’entreprise vise à accroître les collaborations avec les petites entreprises et les entrepreneurs noirs, considérant la diversité des fournisseurs comme un impératif commercial essentiel au développement économique et culturel. À Baltimore, TROW a déployé des efforts pour utiliser des ressources locales dans la construction de son nouveau siège, en s’associant avec le Capital Region Minority Supplier Development Council pour identifier des entreprises certifiées, de propriété locale, diverses et petites.
Le programme de diversité des fournisseurs de l’entreprise promeut une approche d’approvisionnement inclusive, intégrant la diversité des fournisseurs dans les pratiques commerciales et d’approvisionnement. Cette approche vise à générer de l’efficacité, à promouvoir l’innovation, à développer des partenariats durables et à augmenter les opportunités pour les entreprises diverses et petites. T. Rowe Price encourage d’autres entreprises à investir dans la diversité des fournisseurs et invite les entreprises diverses et petites à explorer ses initiatives via sa plateforme d’enregistrement des fournisseurs.
T. Rowe Price (TROW) erkennt den Nationalen Monat der schwarzen Unternehmen an, indem es sein Engagement für die Vielfalt der Lieferanten hervorhebt. Das Unternehmen hat das Ziel, die Zusammenarbeit mit schwarzen Kleinunternehmen und Unternehmern zu fördern, und betrachtet die Vielfalt der Lieferanten als geschäftliche Notwendigkeit, die für das wirtschaftliche und kulturelle Wachstum entscheidend ist. In Baltimore hat TROW Anstrengungen unternommen, um lokale Ressourcen für den Bau seines neuen Hauptsitzes zu nutzen, und arbeitet mit dem Capital Region Minority Supplier Development Council zusammen, um zertifizierte, lokal ansässige, vielfältige und kleine Unternehmen zu identifizieren.
Das Programm zur Vielfalt der Lieferanten des Unternehmens fördert eine inklusiven Beschaffungseinstellung, indem es die Vielfalt der Lieferanten in die Geschäfts- und Beschaffungspraktiken integriert. Dieser Ansatz zielt darauf ab, Effizienz zu erzeugen, Innovation zu fördern, nachhaltige Partnerschaften zu entwickeln und die Chancen für vielfältige und kleine Unternehmen zu erhöhen. T. Rowe Price ermutigt andere Unternehmen, in die Vielfalt der Lieferanten zu investieren, und lädt vielfältige und kleine Unternehmen ein, ihre Initiativen über ihre Plattform zur Registrierung von Lieferanten zu erkunden.
Positive
- Commitment to supplier diversity, potentially enhancing corporate image and community relations
- Strategic use of local resources for new headquarters construction, potentially reducing costs and strengthening local business ties
- Implementation of a Supplier Diversity program, potentially leading to increased efficiency and innovation in the supply chain
NORTHAMPTON, MA / ACCESSWIRE / August 21, 2024 / T. Rowe Price
T. Rowe Price’s Commitment to Supplier Diversity
Our supply chain can provide significant access to small and diverse businesses-from the everyday actions of our associates to our long-term partnerships as a global asset management firm. In recognizing U.S. Black Business Month as we do every August, T. Rowe Price reflects on our goal to grow collaborations with Black small businesses and entrepreneurs. We recognize that supplier diversity is a business imperative, essential for our business and cultural growth.
Supplier diversity is integral to our mission of supporting the communities where our associates live and work. For instance, in Baltimore, we made a conscious effort to use local resources in the construction and buildout of our new headquarters. Leveraging our partnership with the Capital Region Minority Supplier Development Council, we were able to identify certified, locally owned, diverse, and small businesses to provide interior and exterior products and services, including the supply and installation of workspace furniture.
According to the U.S. Small Business Administration Office of Advocacy, there are 3.5 million Black-owned businesses operating across the country. Corporations should leverage these strategic, prosperous partnerships within their communities. In addition to creating opportunities for diverse and small businesses, these partnerships bring sustainable, community-driven thought leadership to key business strategies.
Corporations need to engage with suppliers who meet core capabilities and provide the best price, product, and service. Diverse ownership is a bonus. Suppliers want corporations to see them as a competitive source. It’s the responsibility of corporations to create access and ensure fair consideration of all suppliers.
Our Supplier Diversity program is designed to promote an inclusive procurement mindset that encourages the consideration and use of diverse and small suppliers in the T. Rowe Price corporate supply chain. We achieve this by integrating supplier diversity in our business and sourcing practices to generate efficiency, promote innovation, develop sustainable partnerships, and increase opportunities for the diverse and small business community.
We urge other corporations to invest in supplier diversity while also inviting diverse and small businesses to explore our supplier diversity and sustainable procurement initiatives. Register your business with us at troweprice.supplierone.co.
T. Rowe Price Recognizes Black Business Month
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SOURCE: T. Rowe Price
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FAQ
How is T. Rowe Price (TROW) recognizing National Black Business Month?
T. Rowe Price is recognizing National Black Business Month by highlighting its commitment to supplier diversity, aiming to grow collaborations with Black small businesses and entrepreneurs. The company is emphasizing the importance of supplier diversity as a business imperative for growth and community support.
What specific actions has T. Rowe Price (TROW) taken to support supplier diversity?
T. Rowe Price has implemented a Supplier Diversity program to promote inclusive procurement. In Baltimore, the company used local resources for its new headquarters construction, partnering with the Capital Region Minority Supplier Development Council to identify certified, locally owned, diverse, and small businesses for various services and products.
How can diverse and small businesses engage with T. Rowe Price’s (TROW) supplier diversity initiatives?
Diverse and small businesses can explore T. Rowe Price’s supplier diversity and sustainable procurement initiatives by registering their business at troweprice.supplierone.co. This platform allows potential suppliers to connect with the company’s procurement processes.