PROCUREMENT STRATEGY
“UNDERSTANDING YOUR SUPPLIERS’ ENTIRE SUPPLY CHAIN AND POTENTIAL DISRUPTION POINTS IS CRUCIAL”
GRAHAM SCOTT, VP OF GLOBAL PROCUREMENT, JABIL
location manufacturing capabilities for critical parts. From your side, build strong supplier relationships through dedicated commodity managers focused on understanding what drives your suppliers. Without such partnerships, you’ ll struggle during constrained markets because suppliers prioritise those who support them.
Maintain visibility on your product demand and communicate this clearly to suppliers so they understand how your product lifecycle aligns with their component lifecycle. Despite best efforts, unpredictable situations will arise. In those cases, you rely on relationships, procurement team knowledge and past experience. Good procurement teams navigated 2022-2023 with less disruption because they had established relationships and processes. Remember that behavior matters; suppliers will prioritise customers who support them when needed. procurementmag. com 145