Billion Dollar Roundtable
THE BILLION DOLLAR ROUNDTABLE INC.
The Billion Dollar Roundtable Inc. (BDR) is a not-for-profit organization that provides thought leadership and solution-driven exploration of key issues and best practices in supplier diversity. The BDR member companies, among the world’s largest and most important business firms, each spend $1 billion or more annually for a broad range of goods and services from certified Tier 1 companies whose owners are minorities and women, making meaningful and measurable contributions to the economic growth and viability of diverse companies.
The BDR was founded in 2001 by Don McKneely, chairman and chief executive officer, TexCorp Communications Inc.; Sharon Patterson, president and chief executive officer, Billion Dollar Roundtable Inc., and Shirley Harrison (retired). Rick Hughes, a retired chief procurement officer with Procter & Gamble Co., serves as the current BDR chairman.
Current BDR members are:
• AT&T Inc.
• Avis Budget Group Inc.
• Bank of America
• The Boeing Co.
• Fiat Chrysler Automobiles
• Comcast NBCUniversal
• Dell, Inc.
• Ford Motor Co.
• General Motors Corp.
• Honda North America
• IBM Corp.
• Johnson Controls, Inc.
• Johnson & Johnson
• The Kroger Co.
• Microsoft Corp.
• Procter & Gamble Co.
• Toyota Motor North America
• Verizon Communications Inc.
• Wal-Mart Stores Inc.
A key measurement for BDR member companies is the spend component. The consolidated Tier 1 spend of minority and women-owned enterprises for member companies reached a record $75.0 billion in 2015, up from $67.0 billion in 2014. Consolidated Tier 2 diverse spend for 2015 was $21.9 billion, up from $17.6 billion the previous year. Member spend is audited annually by a third party.
A major achievement for the BDR was the publication of “Billion Dollar Roundtable Inc. Supplier Diversity Best Practices,” a compendium that examines 12 specific best practices in supplier diversity.
Other BDR accomplishments include:
Launch of the iChannel/BDR Network Mobile App – available to everyone
Development of an “ambassador” support program for prospective new members
Creation of the Capital Connector for Growth initiative, or “The Triad,” to explore the capital needs of diverse suppliers
Development of a platform for supplier diversity practitioners for “Establishing the Value of Supplier Diversity”
Serving as a participant and sponsor of the White House Initiative on Historically Black Colleges and Universities.
Sponsor an annual BDR Appreciation Dinner produced and executed using inspiring speakers including an Olympic gold medalist, corporate executives and diverse company leaders
Participated in global supplier diversity conference in London sponsored by the Minority Supplier Development UK Ltd. (MSDUK)
Published paper entitled “Advancing Mature Supplier Diversity Programs”
Published paper about the return on investment for supplier diversity with the University of Washington (BDR’s research partner)
Received the Bridgeman Organization of the Year award in 2014.
Developed a template for supplier diversity practitioners on “Working with Advocacy Groups.”
The BDR website is located at. http://www.billiondollarroundtable.org