What role does supplier management play in the successful delivery of CAPEX projects?

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🌐 In this enlightening video, we delve into the world of infrastructure companies and their increasingly ambitious investment plans. Discover why strategic relationships with suppliers are not just beneficial but critical for success, ensuring supply availability, access to innovation, higher delivery speed, and value for money.
🔑 As recent supply challenges shift several markets in favor of suppliers, the importance of supplier management has skyrocketed, as suppliers have started to select and prioritize their customers of choice. We explore how mutual collaboration, from capacity planning to joint investments, can offer significant returns on investment.
💼 However, establishing such fruitful relationships is notoriously difficult, demanding commitment at senior levels and a well-crafted playbook. We share insights from our recent work with a client where we:
• Conducted a maturity assessment of their approach to Supplier Relationship Management (SRM)
• Developed a best-in-class approach and playbook tailored specifically for them
• Created a roadmap for phased implementation
• Provided hands-on support for the critical steps and first engagement with key suppliers
🎯 Our SRM guidance has empowered them to develop greater visibility of challenges and issues, positioning them to become their suppliers’ client of choice in an increasingly competitive market.
💬 We invite your thoughts and experiences on building strategic supplier relationships. Comment below and follow our channel for more insights into navigating the complexities of the supply chain.