An insight into procurement at Apple Inc.
Over the lifespan of Apple, the company has developed an entire eco-system of suppliers supporting its business. Apple is proud of its strong relationships with its suppliers.
Apple requires its suppliers to follow in the company’s footsteps, meeting the highest standards for all goods and services and be as committed as possible to social responsibilities. Apple’s ideal supplier is one that understands its culture, fast-paced environment and expectations as well as those who look to adding value. Above all else, Apple values innovation.
First steps to become an Apple supplier
Suppliers looking to work with Apple should first create a MyAccess account to register its services. Once completed, Apple procurement professionals will look for relevant products and services required by the company and contact individual suppliers to discuss potential opportunities.
However, if there is no immediate need for new suppliers – providing all information is updated regularly – Apple will retain the relevant information on its Confidential Supplier Information Database for six months.
Supplier Diversity Programme
It is clear to see that Apple takes its social and environmental responsibilities seriously and is a key reason why Apple has a longstanding commitment to creating a base of diverse suppliers.
Formally established in 1993, Apple’s supplier diversity programme has grown and supported its participating suppliers to develop their own business.
Apple’s programme participates through:
The National Minority Supplier Development Council (NMSDC)
The Women’s Business Enterprise National Council (WBENC)
Veteran–Owned Business Expositions
Supplier Diversity Business Opportunity Trade Fairs (in the US)
To join the programme suppliers must register as a prospective supplier and carry out a verification and screening process to ensure they are a good fit.
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Image source: Apple
Tradeshift: Pioneering eProcurement and Digital Trade
Tradeshift helps transportation and logistics organisations digitally transform their processes. The company offers a suite of services, including spend management, accounts payable and invoice automation, eprocurement, and supplier collaboration through a dedicated B2B supply chain marketplace of more than one million businesses.
As disruption and digitisation continue to accelerate, demand for Tradeshift’s solutions has grown dramatically. The company recently announced the signing of 20 new global enterprise customers since the beginning of its financial year on 1 February, while the number of active businesses transacting on the Tradeshift platform rise by 52 per cent year on year.
Tradeshift Chief Revenue Officer Christope Bodin expects that growth trajectory to continue, as the economy begins to fully reopen and the world works towards recovering from the pandemic. “We are well positioned to support the wholesale digitalisation of business processes,” Bodin said. “For organisations looking to grow in a post-COVID economy, this is fast becoming an organisational standard.”
Tradeshift in Brief
- HQ: San Francisco, USA
- Employees: 800 located in offices in 13 countries
- Customers: 500+ in 190+ countries
- Total on-platform transaction value: $1tn
- Platform: 1.5m companies connected
Key Tradeshift customers: Volvo, Kuehne+Nagel, DHL, Air France-KLM Group
Tradeshift: From $1 to $1 trillion
The company was established with a mission to “connect every company in the world, digitally,” according to Lanng, and followed the trio's earlier product EasyTrade, a pioneering open-source trade platform.
In July 2021, just over a decade since launch, Tradeshift announced passing a new milestone: the cumulative value of transactions processed across its platform passed the $1 trillion threshold. To put that in perspective, Tradeshift said it took two years to reach the $1bn milestone.
Commenting on Tradeshift’s current and future standing, chief executive Christian Lanng said: “We’ve helped a lot of businesses to stay operational and get paid during an extremely volatile period. Every time a business joins our platform it unlocks a whole ecosystem of relationships that we can help to digitise. This sets us apart from the majority of enterprise software providers who remain preoccupied with building connections one at a time.”