The La-Z-Boy Incorporated Supplier Opportunity process ensures that businesses owned and operated by individuals from all demographic groups receive the information and attention that they need to prepare themselves for a fair opportunity to become a La-Z-Boy Incorporated supplier.
Our vision is to make inclusion a component of every product we make.
CEO statement – Supplier Opportunity
For nearly 100 years, La-Z-Boy Incorporated has delivered quality and comfort to families around the world. As we build the La-Z-Boy of tomorrow, we are guided by our core values of curiosity, courage, and compassion, with a goal to make the world a better place.
Through our Supplier Opportunity Program, we aim to ensure that all capable businesses can participate in the La-Z-Boy Incorporated supply chain and that it reflects the many consumers we serve. By expanding supplier opportunities, we can contribute to the growth of our economy. In return, our consumers will benefit from La-Z-Boy Incorporated products developed through the best thinking, innovations, and materials from around the world.
— Melinda D. Whittington, La-Z-Boy Incorporated President & CEO
Prequalification
Firms that meet our basic criteria such as years in business, quality systems & reporting, annual sales, current customers, etc. receive an invitation to present directly to key La-Z-Boy stakeholders and decision makers.
La-Z-Boy Incorporated team members are then able to learn more about supplier capabilities and qualifications.
After the supplier presentation, we will assess the information and provide feedback to the supplier.
Suppliers deemed to be "qualified" receive invitations to future bids or proposal requests.
Potential suppliers may continue their relationship with La-Z-Boy for further development and bid opportunities.
The Supplier Opportunity Program takes a proactive approach to identify vendors for participation in future procurement opportunities. For new suppliers, we strive to familiarize, pre-qualify, and build relationships so that La-Z-Boy Incorporated's internal stakeholders are confident in a supplier's ability to contribute.
Supplier Opportunity mission statement
Why La-Z-Boy Supplier Opportunity exists.
La-Z-Boy Incorporated Values: Curiosity; Courage; and Compassion
Our compassion compels us to care about those who do not typically get invited to the table of opportunity but deserve to demonstrate what they can do. Our curiosity drives us to seek quality suppliers, regardless of ownership structure or background, that can help us remain at the forefront of our industry. Our courage empowers us to lead as change agents and make the right sourcing decisions.
At La-Z-Boy, we make belonging a cultural norm and strongly believe in the powerful, positive impact this has on our business practices, external partners, and our employees. Staying true to our values is why we ensure that all businesses are welcomed and encouraged to participate in our sourcing and procurement processes.
At La-Z-Boy Incorporated, we will:
Engage La-Z-Boy departments and all stakeholders in the Supplier Opportunity process.
Intentionally expand the realm of potential suppliers.
Actively highlight internally and externally our supplier partnerships and success stories.