Supplier Consolidation: How Many Is Too Many?
Too many suppliers might be costing you more than you think. Consolidating could unlock big savings—if you have the right strategy.
Managing a large supplier base seems like a flexible approach, but it often leads to:
- Higher costs—missing out on volume discounts and preferred terms.
- More complexity—hard-to-track contracts, relationships, and payments.
- Wasted time—endless invoices, approvals, and administrative work.
The Role of Procurement Consulting
This is where procurement consulting makes a real impact. By analyzing your current supplier base and identifying opportunities to consolidate, procurement experts can:
- Unlock cost savings through smarter supplier agreements.
- Streamline processes to save time and reduce complexity.
- Improve supplier relationships for better outcomes.
How many suppliers are you managing? Fewer could be the key to smarter spending—and measurable savings. Contact us to learn how we can help.