Sourcing, Procurement and Vendor Management (SPVM) professionals today are expected to balance two objectives: Optimize operations and processes while freeing up funds for innovation. This whitepaper examines how strategic vendor consolidation can help achieve both — and more.
Gartner asserts: “The availability of technology service and solution options and vendors can lead to an unwieldly and inefficient vendor portfolio.”
Gartner predicts that: “By 2023, 40% of midsize enterprises will have a center of excellence for IT procurement and vendor management.”
Gartner says: “Strategic commitments to vendors can strengthen relationships, performance and business outcomes.”
Sourcing, Procurement and Vendor Management (SPVM) professionals will gain the most from this whitepaper and may leverage its information to build a business case for vendor reduction and selection.
IT professionals may have misconceptions or misgivings about consolidating vendors and becoming dependent on a single or select few. This whitepaper addresses those concerns, backed by research, and provides guiding questions organizations should ask before deciding to or with whom to consolidate.