What are the benefits of diversifying your supplier base to manage supply chain risk?

Exploring a diversified supplier base can be a strategic move to mitigate supply chain risks. By broadening our network of suppliers, we enhance our resilience against disruptions and dependencies on single sources. This approach fosters agility, enabling us to adapt to market fluctuations and unforeseen challenges more effectively. Additionally, it promotes competition among suppliers, potentially leading to better quality, pricing, and innovation. Ultimately, diversification enhances our ability to maintain continuity and stability in our supply chain operations.

La Diversificación de Proveedores es un proceso fundamental en el departamento de Compras que permite activar estrategias, abajo algunas ideas: a) Reducción tiempos de entrega b) Cambio de proveedor que impactaran en la fabricación de productos para incrementar márgenes (costo mas barato con calidad igualitaria) c) Cambio de proveedor que permitan reducir aranceles (Asia vs Europa vs USA vs LATAM) d) Cambio de proveedor para cumplir reglamentaciones medioambientales (Fabricación derivado de Petróleo vs Vegetal) e) Plan de Contingencia de Negocio (lo mas caro es no tener el material) Proveedores con productos commodities la diversificación debe ser de 5 a 20 proveedores, y proveedores con especialidad de 3 a 10 opciones

-Concept: Diversifying your supplier base reduces dependency on a single supplier, which mitigates the risk associated with supply disruptions. By having multiple suppliers, you create a buffer against unforeseen issues like natural disasters, geopolitical tensions, or supplier bankruptcy. -Personal experience: In my previous role, we faced a supply chain disruption due to a natural disaster affecting our sole supplier. By diversifying our supplier base afterward, we significantly reduced our vulnerability to similar disruptions in the future.

Según mi experiencia un constante "Benchmark" tanto de: a) Precio final de producto como de b) Precio de producto/material del proveedor Contribuye en mejora en los márgenes finales de la compa?ía, pero es importante tener validado los proveedores estratégicos

-Concept: Having a diverse supplier base can lead to cost savings through competitive pricing. With multiple suppliers, you can negotiate better terms, take advantage of volume discounts, and avoid over-reliance on a single supplier's pricing strategy. -Personal experience: When we diversified our supplier base, we were able to negotiate more favorable pricing and terms, which resulted in a 15% reduction in overall supply costs within the first year.

La innovación depende al 100% de la disponibilidad de inversión de la empresa, a partir de ahí se realiza la estrategia, es posible desarrollar un producto al día pero alineando todos los esfuerzos de la compa?ía, Compras es fundamental ya que su comunicación con los diversos departamentos puede aportar el valor agregado que la compa?ía necesita para incrementar las ventas y por consecuencia los márgenes

-Concept: Working with a variety of suppliers can expose you to different innovations, technologies, and methodologies. This diversity can lead to new ideas and improvements in your products or processes. -Personal experience: Partnering with a diverse set of suppliers introduced us to innovative materials and technologies we hadn't previously considered, leading to the development of a new product line that improved our market competitiveness.

-Concept: A diverse supplier base enhances your ability to respond quickly to market changes or demands. This flexibility allows for quicker adaptation to shifts in consumer preferences, regulatory changes, or supply chain dynamics. -Personal experience: With multiple suppliers, we could swiftly pivot to meet a sudden increase in demand for a particular product, avoiding delays and capturing additional market share.

Also to overcome geopolitical instabilities, keep investing in business continuity and scenario planning as integral components of your broader resilience strategies.

Desde mi punto de vista una correcta comunicación de Compras con los proveedores siempre es un valor agregado, realizar juntas semestrales con proveedores estratégicos a manera de Bussines Review, donde se verifiquen temas de: a) Precios b) Calidad de los servicios & Productos c) Innovación d) Entregas