Thames Water: Supplier relations are vital amid disruption

Thames Water Director of Commercial and Procurement David Wylie spoke about the anatomy of a great supplier relationship, and the value it can bring.
Thames Water Director of Commercial and Procurement David Wylie spoke about the anatomy of a great supplier relationship, and the value it can bring.
Seek value outside of supplier contracts, Thames Water executive David Wylie tells Procurement & Supply Chain LIVE: The Risk & Resilience Conference

In April 2022, Procurement Magazine, Supply Chain Digital and Bizclik Media Group returned to London's Tobacco Dock to host our second Procurement & Supply Chain LIVE. 

Dubbed ‘The Risk & Resilience Conference’ the two-day hybrid event featured keynotes, roundtables, Q&As, and networking opportunities with inspirational and knowledgeable leaders in the procurement and supply chain space. 

Addressing a live and remote audience, Thames Water Director of Commercial and Procurement David Wylie delivered a keynote entitled 'Supplier management in a changing world',

Thames Water is the UK's largest water and wastewater services company, supplying 2.6bn litres of drinking water a day, and treating 4.7bn litres of wastewater daily.

in which he discussed how current world events, including the pandemic and the Ukraine war, have made supplier relationships more critical than ever.

Case for strong supplier relations 'never stronger' - Thames Water

"Scarce resources and high inflation are things we have not seen for a long time," Wylie said. "The business case for strong supplier relations has never been better."

Wylie cautioned that high spend and efficient processes will not work in the "new normal", and asked: "What is the anatomy of a great supplier relationship and what new value will it bring?"

He went on to say that strong supplier relations are forged by strong management of frontline operations, contracts, performance and risk.

Wylie added: "Suppliers want to build strong relations, because this is what gives them preferred supplier status. So it's important for organisations to go looking for new value outside of supplier contracts, because they will find many suppliers are happy to provide this."

To watch this keynote - or any of our other speakers from Procurement & Supply Chain LIVE: The Risk and Resilience Conference - click here.

PROCUREMENT & SUPPLY CHAIN LIVE LONDON 2022

This October, Supply Chain Digital and Procurement Magazine return to London for an all-new event - PROCUREMENT & SUPPLY CHAIN LIVE LONDON 2022. Click here, to find out how you can attend.

Held at the QEII Centre from 12-13 October, BMG’s all-new hybrid event incorporates two zones - SupplyChain LIVE and Procurement LIVE - to create a single EXPO style experience. 

The event will give those attending the chance to showcase their values, products and services to partners and customers. 

To find out more about PROCUREMENT & SUPPLY CHAIN LIVE LONDON 2022, click here.

Share

Featured Articles

Procurement strategies in the healthcare industry

As the healthcare industry shifts from cost-driven to value-based goals, efficiency and sustainability become top priorities for procurement in healthcare

Indirect Procurement can drive efficiency and sustainability

We consider how Indirect Procurement can help businesses achieve their financial and sustainability goals, as an important part of procurement strategy

The value of virtual procurement in a digitalising world

In a world where technology is facilitating remote working strategies, virtual procurement services could be the way forward for small businesses

Procurement and the big reset in business travel and expense

Procurement Strategy

e2open drives supply chain efficiency and agility

Technology & AI

Slow procurement threatens to trigger a monkeypox endemic

Procurement Strategy