The RESCO Electronics Blog

Vendor consolidation, also known as vendor rationalization, is one of the methods companies use to improve operational efficiency. Electing to choose from a limited pool of trusted vendors
 has enabled companies to build stronger and more collaborative relationships that deliver a range of benefits to the organization, including: lower costs in relationship management, lower administration costs, less risk to the business, increased quality and speed in delivery and improved supplier responsiveness. 

We are all looking for ways to improve our bottom line, and sometimes that takes some creativity.  In our earlier blogs we discussed how procurement professionals have much to offer in helping companies achieve their cost saving objectives by doing more with less.  An increasing trend to help reach these goals is to create a Preferred Supplier Program by optimizing your supplier base.