Introduction to the CT Supplier Connection

7/14/2016

The CEDAS Board of Directors welcomed Gary Breitbart, CT Supplier Connection Program Director to their board meeting on June 28, 2016. CEDAS members learned about a new innovative tool called CT Supplier Connection.

CT Supplier Connection is a new initiative that can help put Connecticut’s small and diverse certified suppliers on the map and be found by many buyers from large global companies – both in Connecticut and nationally. The on-line network (www.supplier-connection.net) acts similar to “Linked In”, where buying members can find listings and review details and background information about suppliers. This is most helpful when these large buyers are building out their supply chains, seeking to add new diverse or small suppliers, or when specific contracts on targeted commodities or services are about to come up for bid and buyers are seeking new suppliers to help meet their supply chain requirements.

To learn more about what this exciting tool can do for Connecticut businesses, please read the information below, and download the attached presentation.  

 

New Ways to Grow Small & Diverse Businesses

Driving growth is one of the biggest challenges for many small and diverse companies. These firms have to work hard to get their brand known, to gain access to customers and ultimately, to win when bidding against larger competitors.

While it’s difficult and costly to overcome these barriers to success, once a company is able to achieve recognition and prevail in a competitive situation, it’s likely that the momentum will continue to fuel business and revenue growth will ramp quickly. This let’s these businesses invest further, grow even faster and create more jobs as they contribute to the economy.

LinkedIn meets Match.com, kind of.
..

Luckily for Connecticut’s small and diverse certified businesses, a new tool has been launched to help suppliers accelerate that growth process – CT Supplier Connection. CT Supplier Connection is a new initiative that can help put Connecticut’s small and diverse certified suppliers on the map and be found by many buyers from large global companies – both in Connecticut and nationally. The on-line network (www.supplier-connection.net) acts similar to “LinkedIn”, where buying members can find listings and review details and background information about suppliers. This is most helpful when these large buyers are building out their supply chains, seeking to add new diverse or small suppliers, or when specific contracts on targeted commodities or services are about to come up for bid and buyers are seeking new suppliers to help meet their supply chain requirements.

The Supplier Connection network was built (and is currently managed nationwide), by IBM as part of IBM’s Corporate Citizenship efforts, which makes Supplier Connection a pro-bono (that means free!) service to both buyers and eligible suppliers. Buying members in Connecticut currently include Pitney Bowes Inc., United Rentals and Avangrid (formerly United Illuminating). Other large Connecticut-based firms will be joining the network shortly and a number of others are in discussion . . . . So the list will keep growing. On the supplier side, over 140 Connecticut based suppliers have registered since the program began in January, well on the way to meeting our goal to have over 200 Connecticut suppliers on the network by the end of the year.

Are you an eligible supplier? Do you know any supplier’s that might benefit?

To be eligible to register on the platform, a supplier must:

  • be a U.S. based small or diverse certified business;
  • have under $ 50 Million in revenue*;
  • have less than 500 employees
  • selling in these commodity/service categories:
    • Logistics - Service Parts
    • Facilities & Support - Industrial Manufacturing
    • Food & Beverage Manufacturing - Lab Supplies & Equipments
    • Technology - Professional, Marketing & Technical Services
    • * - Diverse certified businesses (such as Women led, Veteran, Disabled, Gender or Race based) do not have a revenue limit as long as proper certifications are included with registration.

A Connecticut Success Story

Light Speed, LLC crafts corporate educational and promotional communications for regional, national and global brands. They work closely with clients to build memorable experiences for internal and external audiences, using the latest video and software technology. Led by Brenda and Carleton O’Neal, Light Speed is a diverse certified firm, certified by National Minority Supplier Development Council.

Light Speed first registered on Supplier Connection in 2013, but really increased their involvement in 2015 after suggestions by the Diversity team at Pitney Bowes. They upgraded their supplier profile and began reaching out to other buying members. The result is that they are now doing business with firms such as Merck, Sanofi and Tekada, while also pursuing new opportunities at Pitney Bowes and several other large firms based in Connecticut. They also took advantage of the Supplier Connection Supplier Development Academy’s financial course, gaining valuable insight into how they can continue to support growth in the months and years ahead and be more prepared to have financial discussions with prospective clients as they gain more visibility. And, they were recently chosen as a Featured Supplier on Supplier Connection, further increasing their network presence and potential business leads

Make your business a part of Supplier Connection

If you are a Connecticut based small or diverse certified business seeking to grow by attracting large commercial account buyers in the accepted commodity areas listed above, then registering is easy.

Visit www.supplier-connection.net to learn more about Supplier Connection and start your registration process. Make sure to have your Federal Tax ID and a few other pieces of information ( business NAICS code and diversity certification or SAM CAGE codes, if applicable) that will be needed when you register.

Become part of the growing supply chain ecosystem here in Connecticut and extend your business across the state and the nation!

Have other questions: Call Gary Breitbart, CT Supplier Connection Program Director, on 203-359-3220 or email at gbreitbart@businessfairfield.com

View the presentation from the June 28th CEDAS Board Meeting: Supplier_Connection_Overview_-_June_28_2016_CEDAS_v2.pdf

 

 


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