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Companies 'must plan procurement strategy around Olympics'

21 June 2012

Businesses have been advised to alter their procurement strategy to take into account the impact of the Olympic Games this summer.

With the sporting event due to get underway in London on July 27th, representation manager at the Chartered Institute of Purchasing and Supply Emma Scott has issued some words of advice.

She said there will surely be both winners and losers in business during the 16 days the Games runs for, with many firms having already started planning for the potential supply chain disruptions they will cause.

The expert said forming strong relationships with suppliers "will pay off in times like this, because you're going to need to call in some favours and they're going to be far more receptive if you've got a good, strong relationship".

Other likely solutions include redirecting air freight to different airports and stockpiling to ensure availability throughout the event.

Ms Scott recently advised companies to turn to mobile data solutions, as these can help to make the supply chain more cost-effective.

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Categories: Functional Practices, Procurement & Supply Chain


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