At Best Buy, we believe that supplier diversity increases competition, facilitates customer loyalty and aligns with our business strategy. It is our policy to promote and provide opportunities to diverse suppliers while ensuring that we receive the highest quality products and services at the greatest value.
Inclusion and diversity are the heart and soul of Best Buy.
“We better serve our customers, employees and communities when there are more diverse voices at the table, businesses we work with and stories being told, and we’re committed to taking the necessary actions to support, grow and reduce the barriers faced by BIPOC entrepreneurs and businesses.”
We are committed to creating a stronger community of diverse suppliers to help increase BIPOC representation in the tech industry, who for too long have faced systemic disadvantages such as a lack of access to funding or other resources. We set a goal to spend at least $1.2 billion with BIPOC and diverse businesses by 2025. This pledge includes plans to increase all forms of spending with BIPOC business in nearly every area of the company – from how we bring in goods and services to stores to our information technology to where and how we advertise.
In addition to the financial investments, Best Buy will support the growth of these businesses by providing access to our retail capabilities such as supply chain, sourcing and product development. We will also eliminate barriers and create a more seamless path for BIPOC businesses to work with Best Buy. To increase the number of diverse businesses and suppliers, we will continue to create and build partnerships with Historically Black Colleges and Universities, and various community organizations.
At Best Buy, we are actively looking for more diverse businesses in an effort to create meaningful partnerships, increase opportunities for growth and development for diverse businesses, and improve the economic well-being of our communities. If you don’t qualify as a diverse business or aren’t sure if you qualify, you can still register as a potential partner with Best Buy.
Please note, registering as a potential diverse business partner with Best Buy does not guarantee future business.
We partner with the following national groups and more to further our initiatives and help us develop diverse business relationships:
National Minority Supplier Development Council
Women's Business Enterprise National Council
National Gay and Lesbian Chamber of Commerce
National Veteran Business Development Council
Disability: IN
The following categories may be considered diverse businesses:
Minority-Owned Business Enterprise (MBE)
Women-Owned Business Enterprise (WBE)
Women-Owned Small Business (WOSB)
Lesbian, Gay, Bi-Sexual, Transgender Business (LGBT)
Veteran-Owned Business Enterprise (VBE)
Veteran-Owned Small Business (VOSB)
Disability-Owned Business Enterprise (DOBE)
Veteran-Disability Owned Business Enterprise (V-DOBE)
Service-Disabled Veteran-Owned Small Business (SDVOSB)
Disadvantage-Owned Business Enterprise (DBE)
Register as a Potential United States Diverse Partner
Merchandising vendor
Vendors supplying merchandise that is sold in Best Buy's retail channels.
