Balancing The Risks And Rewards Of Vendor Consolidation

Consolidating vendors can bring dollar savings but there are also risks to consider. How are preferred vendors identified in the first place? How much consolidation is too much? How do you protect service and quality levels? How do you keep prices down with less competition between vendors? This teleconference will address these types of questions and include an open dialogue on the pros and cons of vendor consolidation.

Agenda

• Consolidating vendors brings operational benefits and dollar savings.
• Rationalizing the portfolio starts with the justifying the value to do so.
• Refining the service catalog is a critical step in the process.
• Gauging the true value of service and level of satisfaction helps ensure success.
• Picking the right preferred vendors is an art and a science.
• Outlining the criteria for identifying preferred vendors
• Applying the criteria to real life scenarios
• Open conversation on the pros and cons of vendor consolidation
• Discussion topics include: What criteria are the most important to your company when choosing a preferred supplier? Are there other disadvantages or advantages of preferred supplier relationships that we have not talked about?
• Wrap up and recommendations