Agile and Lean Supply Chain Risk management Supplier consolidation 
World of Procurement blog
MAY 23, 2024
Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers.
World of Procurement blog
MAY 8, 2024
The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. Procurement Best Practices To maximize the value of procurement, organizations should follow certain best practices around ethics, sustainability, risk management, and cost savings.
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