Vendor Consolidation & Strategic Sourcing: Reducing Fragmentation and Driving Competitive Advantage
What is Vendor Consolidation & Strategic Sourcing? Vendor Consolidation & Strategic Sourcing is a cost-saving method that addresses inefficiencies in procurement by reducing the number of suppliers and leveraging stronger partnerships with selected vendors. Instead of spreading spend thinly across many suppliers, organizations strategically align procurement to fewer, high-value partners while negotiating better terms, performance […]