Procurement Magazine June 2024 | Page 77

GOING FOR SUPPLIER GOLD in meeting the prerequisites for engaging in transactions with large corporations . To ensure suppliers ’ success , the firm provides dedicated sourcing and business development support , along with cyber-readiness assessments .
Additionally , the Diverse Supplier Grant Initiative offers growth capital to small and underrepresented businesses to meet corporate contract requirements by leveraging industry relationships .
JPMorgan Chase ’ s Gold Supplier Program fosters stronger supplier relationships . Gold Suppliers , leaders in various industries , commit to increased spending with diverse suppliers , promoting value creation and risk reduction . JPMorgan Chase offers tailored support , including educational training , to facilitate growth . Gold Suppliers show remarkable commitment , with a total three-year spending commitment of US $ 6.1bn , reaching US $ 10.2bn by 2022 .
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