Benefits of consolidating suppliers

When done right supplier consolidation and supplier rationalization are two very different strategies.

From an environmental standpoint, the reduced administration and use of paper when working with one strategic print partner supports reduction in an organization’s carbon footprint.

To find out more about how imaging and print vendor consolidation can benefit your organization, contact our print vendor consolidation specialists below.

By limiting purchases to a specific vendor pool, companies can contain costs within certain limits. By limiting the pool of vendors through vendor consolidation, a company can make certain that the products and services it purchases meet certain quality and performance standards.

This doesn't mean companies will always have access to the lowest available costs, but rather that costs become a known quantity by dealing with the same pool of vendors on a repeat basis. Vendors who can't meet and guarantee those standards are removed from the vendor pool.

Over the long haul, this saves the organization both time and money by limiting its expenditures on vendor location activities. Companies need to be able to respond quickly to business needs.

When a critical piece of equipment fails or a specialized task must be completed, every minute counts.Many of these organizations had no idea that their vendor relationships were so out of control and that implementing print vendor consolidation could be so beneficial.The value of consolidating their print management to one vendor, although hard to measure in soft cost savings, has been seen as extremely value to C-suite executives in client organizations.Each option offers distinct pros and cons, so organizations must decide which factors are most important relative to their strategic goals.Under this model, the organization outsources vendor management responsibilities to an MSP.Supplier Segmentation/Rationalization – By grouping purchases made over a year (or other specific period of time) based on the dollar value of the product or the supplier’s price for commodities, you are better placed to evaluate the relative importance of each supplier.