Centers of Excellence is a program of the National Minority Supplier Development Council (NMSDC) to enhance successful business relationships between corporations and MBEs by strengthening corporate minority supplier development processes.
The NMSDC has worked in partnership with its member corporations to provide increased procurement and business opportunities for minority businesses (Asian, Black, Hispanic, and Native American) of all sizes. Minority supplier development is recognized as an important management practice as corporations collaborate with suppliers in pursuit of higher productivity and profits. NMSDC Centers of Excellence is a network of regional business modules bringing together expertise in minority business development for continuous improvement of this management practice. Based on forecasted needs, corporate module members have the opportunity to identify MBEs in their region to participate in these modules and be an integral part of their growth.
This program, NMSDC Centers of Excellence (COE), will provide a structured environment for fostering minority business development. The COE is a forum for defining issues, gathering data on industry best practices, and establishing tools and processes to engage minority businesses. By utilizing NMSDC best practices of minority supplier development, we can enhance corporate supplier diversity processes and build capacity of MBEs. The MBEs will be better able to compete for national and global business opportunities and become strategic partners in the supply chain.
The COE is composed of a network of regional groups called "Business Modules" that have committed to enhance the supplier diversity process by implementing NMSDC minority business development best practices. A Business Module consists of 8-10 corporations, 16-20 MBEs, and the Regional Council President. A Module Cycle is 18-24 months in duration.
Each Corporate Business Module participant is expected to offer capacity building activity for one or more MBEs in the group in at least one developmental area. Examples of developmental areas include quality training, executive education, financial assistance, technical assistance, project management, strategic partnerships, etc.
NMSDC Centers of Excellence Benefits
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