By: Haritha GK -- Research Analyst, IT Hardware & Telecom
21 February, 2018
Enterprises are focusing on consolidating suppliers as they visibly see an increase in their procurement spend pool. The need for geographical expansion is highly prevalent among large enterprises as they are focusing on attracting global customers. Equally, as business operations are highly dependent on telecom services, enterprises’ procurement spend continually increase due to fragmented supplier base. Further, this increases the risk on supplier consolidation, sustainability, cost saving and vendor lock-in period.
Supplier consolidation for enterprises elaborates on different consolidation models suitable for small, medium and large enterprises in order to concentrate on the procurement spend on limited number of select suppliers. Thus, it addresses attaining improved quality, reducing risk, improving control and visibility on procurement spend.
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