Vendor Consolidation is a Strategy defined from the Procurement Categories of Routine, Tactical & Strategic Procurement. Value added benefits are derived from Strategic Procurement whilst Tactical & Routine Procurement is moved to Vendor ConsolidationVendor Reduction and Consolidation is a continuous focus with the strategy of Price Benefits through vendor consolidation and vendor reduction to narrow the Gapd of Non Compliance.
Bid Logistics offers the service of Vendor Consolidation whereby we can manage all your listed and required vendors though Consolidation. Bid Logistics will be your Primary Vendor with all your listed vendors working through the Bid Logistics Hub
How it Works
- List Bid Logistics as your Preferred Vendor
- Transfer all Logistics Vendors to Bid Logistics
- Bid Logistics will manage the Purchase to Payment Process for your Logistics Requirements.
Benefits of Vendor Consolidation
- Vendor Reduction
- Reduction in Invoices
- Increased Competitive Bidding
- Reduction in Purchase Orders
- Reduced Contract Administration
- Savings through Consolidated Purchasing
- Increased Efficiency in Procure to Payment Process
- Vendor Consolidation through Grouping & Reduction
- Purchase to Payment Process Simplified