Owens & Minor has a long-standing commitment to advancing supplier diversity in healthcare. We have a recognized track record of developing diverse relationships and of championing processes for collaboration that build infrastructure and ethical business practices. With a focus on supply chain inclusion represented by woman-, minority-, veteran-, and disabled-owned manufacturing and service organizations, we believe our investment in supplier diversity and development promotes a superior supply chain for our provider customers. We know that a thriving community of diverse vendors generates healthy competition and innovative delivery methods that can help drive cost out of the supply chain.
Our Outsourcing Commitment
As Owens & Minor's MediChoice? brand has grown, our commitment to supplier diversity in our sourcing relationships has grown as well. In fact, today one-third of MediChoice? products are sourced from women-, minority-, veteran-, or disabled-owned businesses. As a result, diversity has become a strategic advantage for MediChoice?. By choosing MediChoice?, hospital systems not only achieve meaningful savings on their medical and surgical supply purchases, but they can also advance their own diversity goals.
Owens & Minor has been a great mentor and partner. Their support and guidance has been one of the major ingredients for our success. In the ever-changing world of healthcare, O&M and Kerma have built a bond that has withstood the constant fluctuations of business. Our appreciation is immeasurable.Joe Reubel
President, Kerma Medical
Supplier Diversity FAQs
What is supplier diversity?
Supplier Diversity references a proactive strategy for the inclusion of goods or services from small-, women-, minority-, disabled- or veteran-owned businesses (51% ownership) within a broader supply chain.
What are the supplier or vendor designations recognized as diverse within the Owens & Minor supply chain?
Businesses that are 3rd party certified as minority-, women-, disabled-, disabled-veteran, veteran-owned and small (SBA 8(a), SDB, and HUB Zone) are included within those designations recognized by Owens & Minor as diverse.
What is Owens & Minor's policy regarding supplier (vendor) diversity?
At Owens & Minor, we are committed to promoting a diverse supplier network in the procurement of quality products, and services at competitive costs.
Our core values are incorporated in the following diversity statements:
- We support the development of small-, minority-, women-, veteran-, disabled-owned suppliers, promoting their growth as a win-win proposition.
- We continually strengthen our supplier diversity relationships to reflect the global marketplace.
- We partner with organizations committed cultivating diverse business ownership.
What are the cornerstones of Owens & Minor supply chain diversity initiative?
The foundational principal of Owens & Minor's commitment to supply chain diversity is that inclusion is a value-added dimension for sourcing competitive products and services that meet both cost and quality requirements while contributing to the economic development of the communities in which we work and live. Our Supplier Diversity initiatives incorporate diverse businesses by extending equal opportunities for competition as a growth stimulus. Our program is comprised of two dimensions: Direct Supplier Diversity and Indirect Vendor Diversity.
How do diverse suppliers initiate the process for engaging with O&M?
Diverse Suppliers with products or services that want to flow through the Owens & Minor channel or serve the company's operational needs must start the process by completing this form.
There are 3-levels of the engagement process:
To become qualified, a supplier (vendor) must provide a more detailed profile demonstrating compliance to O&M's business requirements. This level is triggered by O&M as it relates to business needs. Approved suppliers (vendors) have been identified by a provider-customer or an O&M department through a competitive RFQ process as having products and/or services that are in demand.
Third Party Certification FAQs
What is meant by Supplier Certification?
Certified Suppliers have secured third-party verification that they are independently-owned (+51% ownership) and controlled by one or more socially and economically disadvantaged individuals or group – Small-, Women-, Minority-, Veteran- (service-disabled) business, and meeting all small business administration criteria.
How does a supplier become certified?
This process is initiated by the supplier by contacting a third-party certifier such as the National Minority Supplier Development Council (NMSDC), Office of Small Business Certification, US DOT, or state agency responsible for this function.
Does certification guarantee a supplier's ability to conduct business with O&M?
No. Certification only guarantees that a company may be considered (along with others) with an added designation (diverse) for business opportunities. There is a Supplier Registration and Qualification Process, in addition to O&M sourcing considerations, that allows for a specific business relationship.
NOTE: Selection criteria are driven primarily by our corporate business needs. Once requirements are developed, we identify candidates whose products or services can fulfill the requirements.
Is certification required to do business with O&M as a diverse supplier?
Yes. While all suppliers (diverse or not) may be considered, only diverse companies that are third-party certified are approved for consideration as a diverse supplier. O&M does not accept self-certifications when tracking diversity spend.
What if there are no immediate opportunities available?
Supplier profiles remain in our database until their certification expires.