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100%. Commit to their usual MO and keep trading back and trading assets into the future. Those lower picks also provide more cap flexibility and distributes the draft risk.
They only do this when they feel the value isn't there. Otherwise, they use the pick. As they did with Solder. As they did with Wilfork. As they did with Jones and Hightower.
If they get #12, they'll likely also get at least one other pick. If that pick is a 2nd rounder, you look to trade 32 and or the 2nd rounder depending on what you see and what's offered to you.