We believe the best innovation comes from diverse experiences, perspectives and backgrounds, and this belief extends to our supply chain and procurement programs.
Micron recognizes the role that small and diverse businesses play in helping us develop and deliver innovative solutions to customers. In FY19, we took several important steps to strengthen Micron’s supplier diversity program, including implementing best practices with tracking and reporting, engaging a third-party supplier diversity leader and innovator, and completing a full data-enrichment refresh to existing data records. All of Micron’s active U.S. suppliers now have validated diversity classifications on file. Additionally, we conducted an internal audit to establish a baseline of our spend with small and diverse businesses across global procurement. We then embedded supplier diversity in Micron’s global source-to-pay systems.
Our FY20 supplier diversity program initiatives will focus on supplier development, education and increased representation of qualified diverse businesses in Micron’s sourcing events. We are also launching a tier 2 reporting pilot with a select group of suppliers and asking them to report their spend with small and diverse businesses. During the coming year, Micron’s supplier diversity program aims to drive awareness and opportunity throughout the supply chain to lay a foundation for future program maturity and growth.
Micron is a member of the Manufacturing Ownership Diversity SEMI working group. This group, established in 2019, is developing a common standard to define supplier diversity within the industry and provide global best practices. The group aims to generate awareness, increase the ability of diversely owned companies to win competitive bids and increase the participation of diverse suppliers in the semiconductor industry overall.
In FY19 1,500+ small and diverse suppliers were represented in Micron’s supply base.