To help facilitate its diversification efforts, Marriott merged six different finance systems into one platform - and in doing so, was able to set up flags for identifying diverse suppliers. Last year, Marriott spent 13.6% of its contracting dollars with businesses led by minority, female, gay/lesbian/bisexual/transsexual, disabled or service-disabled veteran owners - the latter three of which were formally added as categories last year.
In 2005, the company set a diversification goal of $1 billion in spending over the next five years. It hit that target in late 2007 - three years ahead of schedule.
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