It was once undoubtedly serendipitous. A couple of years again, Performance Contractors in Baton Rouge started an intensive self-assessment to achieve higher visibility into its procurement processes.
The initiative was once precipitated by means of a length of speedy enlargement—from 2009 to 2015, revenues rose to $1.53 billion from $650 million.
Leading the trouble was once Lance Glaser, director of strategic procurement, apparatus and logistics, who has high-level oversight of the contractor’s procurement practices. “We were growing so quickly that we realized that we had room to enhance what we were doing to take advantage of our size and scale,” Glaser says.
In the method, Performance carefully tested its procurement historical past, together with what it was once purchasing and who it was once purchasing from, after which started growing strategic partnerships with key providers and producers to sharpen its skill to react to converting dynamics. Little did it know what the long run would deliver, and extra importantly how nice the ones partnerships would develop into.
Pandemic-related shutdowns in upstream production amenities, adopted by means of a variety of transportation problems—delivery delays at more than one West Coast ports, rail bottlenecks, manpower deficiencies and an alarming loss of vans—have contributed to exceptional provide chain disruptions. And the issue may no longer have peaked.
Performance’s fortuitous resolution to shake up its procurement processes has paid off in giant techniques. It now has crucial partnerships in position with quite a lot of distributors, which has enabled it to extra appropriately forecast worth will increase and delivery instances for sure fabrics.
Read the total tale about Performance Contractors from 10/12 Industry Report.