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27 Supplier Diversity Acronyms You Should Know


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by Feoshia Davis on September 25, 2013

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Can you decipher the alphabet soup of Supplier Diversity terminology? If not, keep reading. We’ll walk you through common supplier diversity acronyms like SMBE, HUB, SBA and RFP.

ABA—Asian Business Association
BBA—Black Business Association

DBE—Disadvantaged Business Enterprise
DVBE —Disabled Veteran Business Enterprise

HUB—Historically Under-utilized Businesses

LBA—Latin Business Association

MBDA—Minority Business Development Agency
MBDC—Minority Business Development Center
MBE—Minority Business Enterprise

NAWBO—National Association of Women Business Owners
NMBC—National Minority Business Council
NMSDC — National Minority Supplier Development Council
NWBC—National Women’s Business Council

OSD — Office of Supplier Diversity
OSDBU — Office of Small and Disadvantaged Business Utilization

RFP — Request For Proposals

SBA — Small Business Administration
SBD — Small Disadvantaged Business
SBDC—Small Business Development Center
SDB — Small Disadvantaged Business
SDV — Service Disabled Veteran
SMBE —Small Minority Business Enterprise

VOSB — Veteran Owned Small Business

WBE — Women’s Business Enterprise
WBENC — Women’s Business Enterprise National Council
WBOC — Women’s Business Ownership Corporation
WOSB — Women-Owned Small Business

Web-based service ConnXus, based in Mason, Ohio, helps corporations locate, evaluate and engage small, woman- and minority-owned businesses. A fully-integrated solution, ConnXus provides corporations with a host of services including Targeted diverse supplier outreach, Tier 1 & Tier 2 diversity spend reporting and supplier registration portals. For more information, go to www.ConnXus.com. Also, connect via Facebook and on Twitter.

 


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About

Rod Robinson

The ConnXion Point is the blog for connXus.com, an online service connecting small, minority- and woman-owned businesses with companies seeking to hire diverse suppliers.

I'm Rod Robinson, founder and chief connector of connXus.com. I've spent 15 years in the procurement business as a minority business owner, company procurement officer and industry consultant.

The ConnXion Point will focus on issues, events and news about procurement and supplier diversity. So, whether you're purchasing or selling, we'll have information you can use. We also hope to facilitate a healthy, respectful exchange of viewpoints on issues surrounding supplier diversity and procurement.

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