What does Vendor Consolidation mean?
The process of reducing the number of suppliers a company works with to simplify the supply chain and leverage purchasing power.
Vendor Consolidation allowed us to negotiate better prices by increasing our order volume with fewer suppliers.
Vendor Consolidation in German, French, Spanish and Italian
GermanLieferantenkonsolidierung
also Vendorenkonsolidierung
Bündelung von Einkaufsvolumen bei weniger Lieferanten.
FrenchConsolidation des fournisseurs
Réduction du nombre de fournisseurs pour optimiser les coûts d'achat.
SpanishConsolidación de proveedores
Estrategia para concentrar compras en pocos proveedores clave.
ItalianConsolidamento dei fornitori
Processo di riduzione del parco fornitori per aumentare il potere negoziale.
Common phrases with Vendor Consolidation
- allowed to negotiate vendor consolidation
- better prices vendor consolidation
- order volume vendor consolidation
Synonyms and opposites for Vendor Consolidation
- Synonym Supplier consolidation
- Opposite Supplier diversification