Whether your company is open or closed for Easter, you will have to ensure that Easter procurement goes smoothly, so that after the Bank Holiday, you have enough inventory for production or supply to your target audience. If you are new to procurement, here are some tips to help you get a better grasp of the long bank holiday weekend,
Manage the supply chain
It can be difficult to forecast your organisation’s requirements during Easter. It is therefore vital that you consult every department to get their requirements. Ensure that you know which products or materials will be in higher demand during the Easter weekend so that you can put in place an effective supply chain management process. Then, you will not have to worry about running out of stock.
Manage the inventory
You must have processes in place to manage the stock and inventory, which will reduce pressure on you and your suppliers. It will also help to ensure that you place orders with the suppliers on time so that goods can be shipped without any hassle. Analyse historical data and correlate the findings with the current needs of your organisation. It will give you a better idea of what will be in high demand during the Easter holiday.
Mitigate supply chain risks
Work with suppliers to find out their supply chain processes. Conduct an analysis of risks and have measures to mitigate them. It will help minimise disruption to your supply chain and ensure that you have a steady flow of goods and materials, even during the holidays.
Be responsible and accountable
As a novice procurement professional, it may fall to you to ensure that the delivery of Easter procurement goes smoothly. So, create a plan for accepting deliveries, and make sure that your inventory management system is working without any hassle. Get your organisation’s IT team to check the programme before the Easter break.
These are some of the tips you can use to ensure hassle-free Easter procurement as a new procurement professional.