When it comes to ensuring the stability of your supply chain, relying on one supplier can put your business on an uncertain footing. Having preferred dual suppliers will add value and reduce risks.

As a dedicated supplier across a range of sectors, Lennox has a dedicated inventory from a range of quality assured suppliers. Not only do we provide high quality products, but we also have a responsive and flexible service.

Here are three key benefits of having dual suppliers for your organisation.

1. Reducing risk

Securing a second supplier mitigates overall risks associated with your supply chain. If a single supplier was to encounter any issues with their supply, there would be a knock-on effect on your productivity.

Having an approved and validated product readily available from a secondary supplier is particularly of benefit in the case of single-use-assemblies where companies require delivery of custom designed bespoke product not readily available off the shelf from other suppliers. A second supplier provides security should the primary supplier encounter any issues that impact the supply chain.

2. Quality & Value

A single supplier has the advantage of operating as a monopoly. No competition means no incentive for the supplier to change their prices or provide a better service for their customers. Having dual suppliers provides a better outcome for the customer. Suppliers must ensure that their prices remain competitive and that they provide a suitable service with extra benefits in order to maintain customers.

3. Flexibility

Having two suppliers allows customers to have flexibility in their own supply chains in the event of an unexpected issue. This ensures that there are no lasting effects on productivity. It also provides flexibility for the suppliers themselves. If one supplier is struggling to meet demand, a secondary supplier can step in and meet the increased demand allowing for companies to scale production and avoid bottlenecks.

How do we facilitate this at Lennox?

We work directly with customers, providing them with a comprehensive validation pack to support change control. Quality assurance is at the forefront of the model and we endeavour to ensure customers receive the highest quality for the best value at all times. Our overall service is customer centric and we ensure that lead times and inventory are both responsive and flexible to meet demand.

For more information on how Lennox can work with you, contact Martin O’Reilly at martin.oreilly@lennox.ie.