FREE REPORT: RISKS & BENEFITS OF SUPPLIER CONSOLIDATION FOR IT PROCUREMENT

Enjoy Markit's latest free report. Available on SlideShare to read or download.

Carefully assessing the risks and advantages of supplier consolidation is crucial to determine whether the benefits outweigh the potential downsides in your unique IT procurement situation. This report provides a comprehensive view of both viewpoints and explains how marketplaces can be leveraged to maximize the advantages of consolidation.

Content covers the following:

BENEFITS OF CONSOLIDATING IT SUPPLIERS

1. Streamlined procurement process
2. Cost savings
3. Enhanced negotiation power
4. Improved supplier relationship
5. Reduced administrative burden
6. Standardisation and compatibility
7. Centralised support and maintenance
8. Simplified training and familiarity
9. Reduced vendor management complexity
10. Enhanced strategic partnership

RISKS OF CONSOLIDATING IT SUPPLIERS

1. Reduced product diversity
2. Dependency on a single supplier
3. Potential for limited innovation
4. Less competitive pricing
5. Service quality and responsiveness
6. Limited flexibility and customisation
7. Reliance on a single point of failure
8. Difficulty in vendor transition
9. Compliance and risk management
10. Loss of specialised expertise

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FREE REPORT: RISKS & BENEFITS OF SUPPLIER CONSOLIDATION FOR IT PROCUREMENT