The bottlenecks of the process multiply unless the procurement processes and the structure of the supplier field are also built on a tactical level. In reality, in March 2022, even the finest procurement parameters are inaccurate or it is impossible to follow them > we are acting completely reactively, spreading shortages on the global market. The same challenge has been felt by industrial giants and smaller operators alike.
In situations like this, the relationship of the customer and the supplier is put to a test. If we rely on individual suppliers, the blow has been more severe. In reality, no industrial company has been saved from the it—but we will overcome. The next step and solving the acute operational challenge takes hard work and resources, which individual companies may not currently have at their disposal.
The scale of the challenge and the solution to it depend entirely on the company.
In the middle of all this chaos, we also need to contemplate the measures we would take if a similar situation were to arise in the future. When it comes to tactical procurement, how can we improve our processes and supplier field management? We will need to make quick decisions regarding issues such as which supplier or technology to pick—decisions we would normally have taken perhaps several years to mull over.
Right now, fast action is key, but it is also necessary to be aware of the challenges existing in the entire supply chain and the effects that they have on different operations. Based on this, we have a better understanding of what needs to be improved in different functions from the supply chain point of view. When it comes to the seamlessness of the supply chain, the procurement function plays an important role and, in the current situation, it is more important than ever.
As regards the situation of our customers and observations pertaining to development projects, the key procurement challenges are summarized by the following chain: availability > daily fires > resources
At ValueSource, for many years, we have been helping many of our customers facing procurement and operational purchasing challenges with our comprehensive service model. Thanks to our customer-oriented service model, we have tailored our offering to the above-mentioned challenges, and we are ready to solve challenges together with organizations.
We do not offer quick fixes or magic tricks—now is not the time for haggling or magic tricks. We promise help with ensuring availability with regard to the required procurement resources for the daily operation of the purchase order process. We can also find alternative suppliers and components as well as materials and implement requests for a quotation on behalf of the customer.
We ensure that your company is able to fulfill its customer promises in this moment. Naturally, in addition to quick help, we can also help you with developing your purchasing operating model and supplier field also with regard to the future.
