About PAREXEL International Corporation

Parexel is dedicated to fostering a diverse and inclusive environment not only within its workforce but also among its suppliers. The organization celebrates diversity in race, ethnicity, gender, gender identity, sexual orientation, disability, age, and other differences. Parexel's vision is to create a space where employees, customers, patients, and suppliers can all thrive and feel like they belong.

Through its Supplier Diversity Program, Parexel aims to bring together a wide range of suppliers who offer unique perspectives, creativity, and innovative ideas to benefit customers, partners, and colleagues. This program is focused on promoting the inclusion of small and diverse businesses in the procurement process and supporting these suppliers at different stages of their journey.

By providing mentorship and a platform for diverse suppliers to showcase their business models, Parexel aims to facilitate mutual success for all parties involved.

The Supplier Diversity Program at Parexel primarily focuses on suppliers based in North America and includes various categories such as Minority-and-Women-Owned Enterprises, Veteran and Disabled Veteran Business Enterprises, Small Business Enterprises, Disability-Owned Business Enterprises, Disadvantaged Business Enterprises, and LGBTQAI+ owned businesses.

The program operates on two tiers, with Tier 1 monitoring purchases to ensure supplier diversity in quality goods and services while Tier 2 goes a step further to include diverse suppliers in supply chains. This approach underscores Parexel's commitment to partnering directly with diverse suppliers and promoting diversity in supply chains.

To qualify as a diverse supplier for Parexel, companies must hold certifications from recognized organizations such as the National Minority Supplier Development Council, Women’s Business Enterprise National Council, WeConnect International, Disability:IN, National Gay and Lesbian Chamber of Commerce, National Veteran Business Development Council, and others.

Suppliers are assessed based on various criteria like price, quality, customer service, delivery, and overall business requirements to become partners with Parexel.

The key objectives of Parexel's Supplier Diversity Program include identifying and engaging diverse suppliers that align with the organization's service needs, investing in these suppliers through mentoring opportunities, training Procurement staff and Purchasers to include diverse vendors in the purchasing process, monitoring the program's effectiveness, and leveraging corporate Diversity, Equity, and Inclusion (DEI) initiatives and leadership support.

Parexel is committed to building a diverse supplier base and encourages all employees to make inclusive decisions when selecting suppliers. To learn more about the program or contribute to the ongoing efforts of creating a diverse and inclusive Supplier Diversity Program, interested parties can reach out to the Supplier Diversity team at SupplierDiversity@parexel.com.

Growth

Parexel is a well-established enterprise in the clinical research field, boasting a team of over 21,000 professionals globally. With a focus on Phase I to IV clinical development services, the company has positioned itself as a key player in the industry. Parexel's expansion and development have been characterized by strategic partnerships with biopharmaceutical leaders and sites worldwide, emphasizing the importance of patient-centric clinical trials. The company continues to grow and innovate in the field of clinical research, solidifying its standing as a leader in the industry.

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Achievements

Parexel has achieved significant milestones in its history, including substantial revenue growth, market penetration, and the expansion of its customer base. Through strategic collaborations with key players in the biopharmaceutical industry, the company has enhanced its reputation as a trusted provider of clinical development services. Additionally, Parexel's commitment to patient-centered clinical trials has led to increased recognition and success in the field, setting important milestones for the company's future growth and expansion.

Case Studies

Parexel has been involved in numerous notable case studies and projects that have had a significant impact on the field of clinical research. These projects have showcased the company's expertise in designing and delivering clinical trials with a focus on patient care. By highlighting the success stories of these case studies, Parexel demonstrates its ability to drive innovation and advance the field of clinical research through impactful projects that benefit patients and biopharmaceutical partners alike.

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