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Diversity Spend

In 1997, under the leadership of President/CEO Maureen O’Connor, LEM became one of the region’s first Women’s Business Enterprise National Council (WBENC)-certified businesses (View 2019 Certificate), meaning that purchases from LEM can be counted into first- and second-tier spending to support customers’ diversity spend initiatives.

LEM formally implemented its Diversity Program in 2000, and the program continues to exceed corporate expectations. We ensure our commitment to diversity programs by contracting for products and services with companies that are formally certified by WBENC, SBA and other certifying agencies.

Mrs. O’Connor’s frequent speaking engagements through WBENC also spread her influence, as does her desire to partner with other WBE-certified members, driving many vendors and business partners to upgrade their operations in pursuit of mutually successful business opportunities.

In 2000, LEM also implemented diversity measures to support the annual increase of spending with minority, veteran or women-owned businesses, thereby helping to build their businesses while benefiting our own operations, as well as the larger American manufacturing landscape.

LEM is further committed to a diverse workforce with diverse and women employment exceeding 50% company wide.

Features & Benefits of Working with LEM Products, Inc:

Average 98% OTD for 36 Months

24 Hour Quote Turnaround

Sales Model Designed for Supply Chain Success

Aligned Sales & Technical Support

Continuous Improvement Culture

WBE Certified

Why are Diversity Suppliers Necessary?

Government agencies and many corporations are required to set aside certain percentages of their purchasing budgets for diversity qualified vendors such as LEM Products, Inc..  These vendors need the diversity certification to be eligible for consideration for purchasing bids from the government and private corporations.

 

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Diversity Spend

What makes a business Diversity Certified?

To qualify for Diversity Certification, a business must be at least 51% owned and operated by a minorities or women.  In the United States, this includes American Indian or Alaskan Native, Asian, Black or African American, Native Hawaiian or Other Pacific Islander, Hispanic or Latino; Women; Veterans or Service Disabled veterans of U.S. Armed Forces.

Why choose LEM Products, Inc.?

Diversity Certification Programs exist on many levels from municipal and state, to federal and third-party agencies.  These entities provide a certificate to businesses which successfully complete the application for diversity certification.  The applicants are intensely reviewed to determine that ownership and management of the company meets the diversity criteria.  The official certificate becomes the recognizable standard to purchasing agents for government entities and corporations.

WBENC Certified

What’s the difference between a Tier 1 and a Tier 2 supplier?

Tier 1 supplier provides products and/or services directly to the corporation or agency making the purchase.  The buyer for the corporation / agency will call the Tier 1 supplier directly.  For example, an airplane manufacturer would contact a Tier 1 supplier for engines, wheels, seats, navigation components, etc.

Tier 2 supplier provides products and/or services to the Tier 1 supplier.  In this case, the Tier 2 supplier might provide the tires for the wheel assembly, the fabric for the seats or switches for the navigation control panels.

How is Tier 1 and Tier 2 supplier diversity spending reported and utilized?

Diversity Certification Programs issue “credits” to corporations and agencies for their purchasing dollars spent on diversity certified suppliers.  These credits are applied to the diversity goals of the purchasing corporations and agencies to fulfill their pre-designated quotas.  Achieving these quotas ensures eligibility to corporations and agencies for potentially profitable business contracts.  In turn, these corporations strengthen the economic potential and success for minority owned businesses.