USPAACC Holds Successful Business Connections & Networking Lunch at Freddie Mac HQ in McLean, VA

McLean, VA  |  January 21, 2016

USPAACC (The US Pan Asian American Chamber of Commerce Education Foundation) hosted its first event in the New Year - Business Connections & Networking Lunch on January 21 at Freddie Mac Offices in McLean, VA. The event brought together Asian American and minority business owners, Fortune corporation supplier diversity and procurement leaders as well as small business program managers from federal, state and local governments. Despite the inclement weather, over 85% of the registrants attended, proving the importance of such programs and the value all participants place in USPAACC’s work.

As a 10-year supporter and USPAACC member, Freddie Mac opened the event with welcome remarks from Jay Inouye, Director, Vendor & Diversity Management, Strategic Sourcing& Procurement.  The highlights of the day were the procurement presentations by Donna Howell, VP, Strategic Sourcing & Procurement at Freddie Mac and Reggie McCauley, Director, Supply Chain at Pepco Holdings.

The takeaways from their presentations are: Procurement Department’s role is to optimize quality, save money and mitigate contractual risk. It is not only about the price, but quality, technical expertise and trustworthiness are also key. The contract has to work for both sides – if it is one side gets all, the relationship will not last long. Vendor management is crucial.  Suppliers need to utilize their point of contact at the vendor management team and make sure they discuss all issues as they arise. Never wait until it is too late. Signing the contract is just the beginning. If the supplier believes it would be a tough process, think again. The hardest work often does not start until the contract is signed.

The procurement presentations were followed by a networking luncheon, where USPAACC members spent more quality time with the speakers and Freddie Mac’s procurement team, in addition to talking to the exhibitors.

A successful event of substance and lots of networking, this Business Connections is the first DC-MD-VA regional event for 2016 and will be followed by a Roundtable Matchmaking & Networking Reception on March 8.

To see photos from this event, please visit https://www.flickr.com/photos/uspaacc/albums/72157663243690320

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About USPAACC
The US Pan Asian American Chamber of Commerce Education Foundation (USPAACC) is the oldest and largest national, nonprofit, non partisan organization representing all Asian American and Asian American-related groups in business, sciences, the arts, sports, education, public and community services.