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The Home Depot.


The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services.

Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box
 is committed to promoting economic growth through diversity by offering competitively priced, high quality products and services to our customers; providing healthy competition within our supplier base; and ultimately, increasing shareholder value. This commitment to growth will be achieved through a comprehensive Supplier Diversity Supplier Diversity is a business program that encourages the use of previously underutilized minority owned vendors as suppliers. It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification.  business strategy including minority-owned, women-owned, and small businesses.

As The Home Depot continues its unprecedented growth and remains the leader in the home improvement industry, this business imperative is essential to exceeding the expectations of our customers, our partners, and our shareholders.

We are committed to creating effective competition utilizing all possible sources. We will actively seek targeted diverse businesses and provide them the opportunity to partner with The Home Depot to provide competitively priced, high quality goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax.  to our customers.

Finally, we advertise in publications that are geared toward diverse business owners. We believe these vehicles, in conjunction with our Web site, www.homedepot.com/suppliersdeverdity, will assist us in effectively identifying prospective suppliers. The website will enable potential suppliers the ability to interact with our buyers in the following ways:

* Establish and maintain a comprehensive company profile for review by our buyers responsible for specific products and services

* Receive a confirmation of registration within 3 days

* Use the system to communicate with the Supplier Diversity Team and our Buyers

* Use the system to stay informed about upcoming RFP/eAuction sourcing opportunities

In return, the Home Depot Buyer will:

* Use the system to review potential suppliers as they apply to the Home Depot and provide a response within 60 days

* Use the system to communicate with, and request additional information from potential suppliers

* Use the supplier database to search for qualified suppliers

"Working with The Home Depot Supplier Diversity Team was a very rewarding and mutually beneficial Adj. 1. mutually beneficial - mutually dependent
interdependent, mutualist

dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture"
 experience. The process was well defined, communicated time frames were upheld, and the flow of information was seamless...."

Reuben McDaniel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Jackson Jackson.

1 City (1990 pop. 37,446), seat of Jackson co., S Mich., on the Grand River; inc. 1857. It is an industrial and commercial center in a farm region.
 Securities, LLP LLP - Lower Layer Protocol  
COPYRIGHT 2005 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:plans Supplier Diversity business strategy for economic growth
Publication:Black Enterprise
Article Type:Advertisement
Geographic Code:1USA
Date:Nov 1, 2005
Words:321
Previous Article:Upcoming events.
Next Article:Kraft.(Kraft Foods Supplier Diversity program )(Brief Article)
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