Governance

Building Supply Performance
In the last 24 months, the dual impact of Brexit and Covid-19 has had a marked impact on supply chains and supply relationships, with increased scarcity and longer lead times. The company has an annual procurement spend of circa £20m split between growth capital expenditure and maintenance and repair operations of its existing estate. Navigator plans to increase operational efficiency and standardisation through a programme of national contracting.

To begin to manage this risk and create market opportunities, Navigator has transformed its approach to procurement to enable it to contract more competitively. The approach has been ‘evolutionary rather than revolutionary’, taking the best elements of what was already in place and underpinning it with a corporate procurement framework, based upon six business specific ‘risk pillars’, these being Safety, Quality, Cost, Timely Execution, Supplier Innovation and Sustainability.

The approach with suppliers is one of corporate partnership, where suppliers are to be valued for their innovation potential as the business progresses through the energy transition and into new markets. During 2022, we will be appointing Sustainability Auditors to provide third party support to the work that we undertake.