Mission Statement

To promote and support service delivery programs that provide a competitive environment for minority business participation as well as expanding our current minority supplier database through partnership and participation in the industry’s best practices.  

Business Case

Ferrandino and Son has developed and promoted a robust diversification among its suppliers based on two key business initiatives.  The first is to build out a supplier partnership database that meets the business objectives of our existing and future customers.  Our corporate responsibility is to develop service programs that give back to the community and the partnership with a diverse partner network is critical to that success.  The second key initiative is the ability to identify and implement significant cost efficiencies within every service program.  By diversifying our partner network, Ferrandino and Son ensures we continue to provide back to our clients ideas and processes that are both unique and varied both in experience and perspective. 

Supplier Diversity Policy Statement

It is the goal of Ferrandino and Son to increase its partnership with certified minority businesses through the development and implementation of dynamic service programs.  This mission offers as a guide to our sourcing units the blueprint to increase minority supplier participation across every service line.  This program was developed as a response to the request from multiple clients to set the benchmark in industry standard for partnering with minority businesses. 

While the success of the program largely rests within the procurement sourcing department of Ferrandino and Son, it is the responsibility of every employee who either directly or indirectly commits the expenditure of funds for the purchase of goods or services as it relates to every Division of the company.  Our CFO is ultimately charges with the responsibility to administer this policy for Ferrandino and Son. 

Ferrandino and Son encourages 100% participation in the process of sourcing out minority businesses and providing them with a fair opportunity to participate in potential business.  The sourcing of business to minority businesses is a normal procurement function , just as equal employment opportunity is a standard business practice for our human resources department. 

Supplier Diversity Program Goals

Ferrandino and Son’s primary goal is to continually increase our spend with certified minority businesses while delivering to our clients sustainable savings through these initiatives.  To ensure these goals our met, Ferrandino and Son will identify minority candidates, establish specific spend goals and track and report back on the achievement of those goals.