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. This enables data-driven supplier management and performance optimisation.

Supplier consolidation 52

Supplier consolidation Suppliers Supply Chain Efficiency supply chain budgeting 52

Procurement Insights

MARCH 23, 2025

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., Savings Potential: 5-8% via contract optimization. ingredients). utilities).

Supplier consolidation 52

Supplier consolidation Supply Chain Optimization Logistics Strategic sourcing 52

ivalua

JULY 22, 2015

In today’s business environment, however, there are fewer opportunities to drive cost improvements using traditional strategies such as supplier consolidation or strong-arming your way to supplier price concessions. consolidation. optimization. alternatives. alternatives. alternatives. alternatives. Geographic.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Supplier consolidation 147

Supply Chain Game Changer

JUNE 30, 2022

Subscribe to Supply Chain Game Changer. The Importance of a Strong Supply Chain and Logistics Strategy! A supply chain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. Consolidation. Subscribe Here!

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Efficiency supply chain budgeting Supply Chain Optimization 78

Procurement Heads

JUNE 28, 2022

According to Raconteur’s report in The Sunday Times on the Future of Supply Chain & Procurement, constant problems in the supply chain have proved a real headache for many businesses over the past two years. Trust, confidence and delivery come through functional excellence, which will be seen across the matrix.

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

Supply Chain Game Changer

NOVEMBER 26, 2018

In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend. Freight and Logistics. You must manage Freight and Logistics.

Strategy 68

Strategy Management Real-time Visibility e2e 68

Jaggaer

OCTOBER 24, 2024

Without a centralized platform to provide visibility to your centralized approach, bundling could result in over-dependence on a limited number of suppliers, leaving the organization vulnerable to supply disruptions. What is Cost Saving in Supply Chain Management?

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency supply chain budgeting 52