Vendor Consolidation
Audit all vendor subscriptions and merge similar ones into single contracts for 15-30% discount.
Goal
Free the budget from bleed of multiple subscriptions to similar services via consolidation negotiation.
Steps
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1
Ask accounting for all recurring vendor payments in the last 12 months.
Expected Outcome
Evidence base
School: Strategic Sourcing / Procurement
Founders: Peter Kraljic · CAPS Research (1983)
Peter Kraljic's matrix (HBR 1983) sorts vendors by profit impact and supply risk. Consolidating the "routine" quadrant is the fastest win for any ops leader.
Keywords
Frequently asked questions
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