In a situation where there’s only one supplier for the needed materials, it’s crucial for procurement professionals to establish clear expectations, KPIs, and conditions that the supplier must meet. This includes outlining service levels and adhering to quality regulations. Additionally, implementing short-term contracts allows for regular evaluations and provides an opportunity to renegotiate terms if necessary. By maintaining proactive communication and leveraging contract flexibility, procurement professionals can effectively manage the situation despite having only one supplier.