PROCUREMENT STRATEGY WATCH NOW About Jabil
We’ ve invested in a SRM team focused on 120 of our 30,000 + suppliers to ensure positive interactions. We drive more business to them, understand their strategy, monitor their investments in technology or capacity, connect with their C-suite and understand how their leadership is compensated. Collaboration through such teams is absolutely vital – procurement can no longer simply demand terms; successful procurement requires genuine partnerships.
Q. HOW CAN MANUFACTURERS PREPARE FOR POTENTIAL“ PERFECT STORM” SCENARIOS IN THE MARKET?
» It’ s planning for the unplannable, which is challenging, but several approaches can mitigate impact. Understand your supply base thoroughly – their capacity, investments and technology roadmaps. If you’ re using technology your suppliers are phasing out, you’ ll likely face issues when they make manufacturing decisions.
Understanding your suppliers’ entire supply chain and potential disruption points is crucial. Ensure they have multiple supply chains and multi-
144 May 2025