Most consumers are familiar with CVS Health Corp., the largest pharmacy health care provider in the United States with more than 7,900 locations throughout the country. What consumers may not know is that CVS Health is a leader in supplier diversity. In fact, the Woonsocket, Rhode Island-based company plans to continue to expand the amount of goods and services it purchases from diverse suppliers — including companies owned by lesbian, gay, bisexual and transgender individuals To help meet this ongoing goal, the company recently launched an innovative executive-learning program designed to help ensure the inclusion of diverse suppliers in its supply chain, which AMI participated in.
The program, called CVS Health Executive Learning Series, is an 18-week online and in-class course designed to help suppliers attain the knowledge, skills and capabilities to better equip themselves to do business with CVS Health, as well as other businesses and industries. The curriculum — developed by Roger Williams University in Bristol, Rhode Island — is similar to an executive MBA and incorporates finance and budget strategies with leadership, management, social media and technology skills, human resources and communications.
Monette Knapik, CVS Health’s senior director of strategic sourcing and supplier management, said all executives at CVS Health — from the C-suite to front line management — are advocates of the new program. “We want our supplier base to represent our employees and the communities we serve,” she said. “We recognize that this program is just good business practice.”
Ten business owners were selected for the course and chosen by a committee of national organizations that support supplier diversity, including the National Gay & Lesbian Chamber of Commerce®, US Business Leadership Network®, Women’s Business Enterprise National Council, Rising Tide Group, US Pan Asian American Chamber of Commerce and Southern Florida Minority Supplier Development Council including American Meetings, Inc. –AMI.
Raul Suarez-Rodriguez, manager of supplier diversity at CVS Health, is pleased with how well the program is going, adding that the company’s relationship with the National Gay & Lesbian Chamber of Commerce has been “tremendous” through the many years that CVS Health has been a corporate member and that the chamber has been instrumental in getting LGBT businesses ready to work with companies like the national pharmacy chain. “The NGLCC helps develop LGBT businesses to be well-prepared to do business with corporations like ours,” he said. “The course is really robust and I hope that at the end of the program there is going to be a mentoring-type element attached to it.”
AMI was selected by CVS Health for 2018 class, and also received Supplier of the Year Ruby Award from CVS Health for its partnership in conference management.