Ford’s movement to diversify its supply base has earned the motor company its first Women’s Business Enterprise Council Award. Ford Motor Company was placed on the 13th annual listing of America’s Top Corporations for Women’s Business Enterprises.
Ford earned this award by utilizing innovative best practices in its company, which have resulted in more business with women-owned enterprises. In 2011, Ford spent a total of 1.06 billion dollars with these female suppliers, which is an increase from last year’s $866 million.
This increase in business with women-owned businesses allows Ford to expand their portfolio with new innovative technologies. For example, Dura Automotive System, owned by Lynn Tilton’s Patriarch Partners investment company, supplied Ford with the award-winning heated power rear sliding window for the F-150.
Congratulations to Ford on this great achievement!