Vendor Consolidation for strategic Souring | Violin Technologies

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Vendor Consolidation The Secret to Strategic
Sourcing
www.violintec.com
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• Vendor relationships form an integral part of a
  business.
• Each business aims to implement strategic
  sourcing of the vendors across the organization,
  and in business language, this is called vendor
  consolidation.

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• Strong vendor relationships with a reliable
  vendor consolidation partner are formed through a
  robust sales team that orchestrates suppliers,
  clients, and operations.
• The need for automated vendor payment becomes
  greater when multiple materials come through
  multiple vendors.

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• 5 Key Core Principles For Good Vendor
  Consolidation strategies
• Coherence
• Alignment
• Rigor
• Commerciality
• Openness

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• Benefits Of Vendor Consolidation
• Improved quality
• Minimized shipping costs
• Reduced purchasing costs
• Increased control of purchasing power
• Reduced risk
• Improved vendor relationships

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• Best Practices
•  The top three best vendors and supplier
  management practices include having a vendor
  management system, vendor consolidation, and a
  managed service provider.
• Ultimately, all these best practices merge to
  analyze your business model and spot the optimum
  balance between supplier, vendor, operation cost.

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• Conclusion
• We at Violin Technologies specialize in cable
  and harnesses, custom PCB assemblies,
  pulleys, sheet metals, forged parts, and
  hydraulic assemblies.
• We aim to meet the clients expectations within
  the deadline to manage with the right sourcing
  strategies.

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For more details please visit https//www.violint
ec.com/
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Your Global Contract Manufacturing and Sourcing
Partner
Thak You
THANK YOU