How Important Is Supplier Consolidation?
For all businesses the costs of supplies and the supply chain is under constant scrutiny.
As businesses look to reduce costs and streamline processes, consolidating suppliers is an obvious yet sometimes difficult place to start.
Long standing relationship with individual suppliers can play a role in decision making however when it comes to supply chain costs and efficiencies there is no better time than now to look into the benefits that come from supplier consolidation.
Firstly don’t look at this exercise as damaging supplier relations look on it as a chase to strength and improve supplier relations to a mutually beneficial point.
Keep in mind the overall strategy of supplier consolidation is to reduce prices, reduce processing and administration costs and bring a better understanding of what is important to your business.
Better Purchasing Price
Reduced processing and administration costs
Time Savings
Reduce risks around delivery, price and time management
Customer loyalty and better supplier relations
Supplier consolidation is an important step forward to improvement and efficiency in any busy, and definitely something to consider when placing your next product order.
Here at FDG we try to give our customers peace of mind, letting them focus on the big picture, while we take care of the detail. This means you can consolidate your equipment, fastenings, tools and consumable supplies into one easy transaction with FDG, reducing your costs on freight, administration and product price all supported by service which keeps you moving and making.
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