Streamlining the supplier portfolio involves replacing a number of small suppliers with a single distributor. This approach reduces management costs and the number of orders issued.
The project follows a specific process. Everything starts by analysing which suppliers can potentially be replaced, followed by the list of products that they provide. A single distributor offering a wide product range identifies the products that can be replaced and lists all the other products. Finally, this bespoke range is published in the customer's e-procurement solution, where the customer can now order the products as part of a completely seamless process.
Lastly, the benefits are threefold: extra time, significant money savings and an enhanced process!