Work Closely With Enterprise Architects During Vendor Consolidation Projects

Many sourcing and vendor management teams are looking for ways to cut costs — and consolidating vendors is a logical part of that effort. But doing spend analysis only starts the ball rolling. Other considerations like "is this vendor going to be important to us long term?" are critical in vendor consolidation projects. That's why it's important that the sourcing and vendor management teams work closely with their colleagues in enterprise architecture — to get grounded in the company's technology plans and architecturally approved products.