Contracting departments of businesses need to be aware of the requirements that VOBs must fulfill, in addition to the numerous benefits that working with VOBs provides. In fact, VOBs and SDVOBs are increasingly being sought after by corporations that are seeking supplier diversity. As a result, there are currently 2.5 million VOBs in the country, and they generate more than $1 trillion in sales per year.
Creating Accountability to Meet your Veteran Owned Business Goal Requirements
Doing business with VOBs has numerous benefits for corporations. They can enjoy exceptional levels of service, strong partnerships, and diverse supply chains. As more corporate buyers seek to increase their partnerships with VOBs, they need to establish mechanisms and benchmarks that will allow their companies to remain accountable to these initiatives.