LeeBoy _____________________________________________________________________________________________________________
Over the years , LeeBoy has forged long-lasting relationships with many of its suppliers . Effective management throughout the supply chain has protected the business against shortages , as Brandon asserts : “ We have great relationships with our suppliers , but even the very best vendors can run into circumstances beyond their control , and those supply disruptions can seriously impact our ability to ship products if we ’ re not prepared . One of my biggest initiatives was identifying critical vendors who were the sole source of supply for high-risk materials . We started with the highest risk components and came up with mitigation plans consisting of qualifying alternate sources , inventory banks , buffer stocks , and specific supply agreements with key vendors . The team worked together to lay it all out and I went to work getting support from the engineering and ops departments . This has helped keep the supply chain robust and prevent supply shortages that could disrupt our business .
Team performance
“ Our supply management has improved considerably because of the pandemic . Certainly , there is more focus on supply risk than ever before . Everyone saw increased demand and limited or allocated supply situations with insanely long lead times across the board . One of the primary reasons LeeBoy was able to pick up market share post-pandemic was because of our quick efforts to contain and mitigate supply risk . In terms of evolution , we ’ ve now gone from beefing up inventory and placing purchase orders well in advance , to a more value-driven approach . As things begin to normalize , we must start delivering value back to the business in the form of productivity , bleeding inventory , and leveraging strategic sourcing agreements with highquality suppliers .”
On the dawn of its 60th anniversary , LeeBoy is in a stronger position than ever before . As Brandon concludes : “ The goal this year is to top last year ’ s performance , which was the best in our history . We ’ re already on pace to exceed , so we want to focus on securing that success for the remainder of the year . We ’ re now in a strong position to focus on the long-term mission of the business . We ’ ve essentially doubled in revenue from the previous five years , and I think it would be amazing to see that happen again . I would also like to see my team play a major role in that kind of growth . I ’ m very proud of their accomplishments over the past few years , and I can ’ t wait to see what they will achieve in the future .” ■
www . leeboy . com
74