Large-scale IT ecosystems have led to an unwieldly vendor portfolio
Sourcing, Procurement and Vendor Management (SPVM) professionals today are expected to balance two objectives: Optimise operations and processes while freeing up funds for innovation. This whitepaper examines how strategic vendor consolidation can help achieve both — and more.
- Challenges and setbacks caused by vendor sprawl
- Common misconceptions of working with fewer vendors
- Key operation, financial and strategic benefits
- Critical questions to ask before consolidating with a vendor
“A streamlined vendor portfolio optimises your daily SPVM operations and primes your enterprise for growth.”
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 centre of excellence for IT procurement and vendor management.”
Gartner says: “Strategic commitments to vendors can strengthen relationships, performance and business outcomes.”
Who is this whitepaper for?
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.
What will I learn?
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 organisations should ask before deciding to or with whom to consolidate.