Vendor Management

"People go shopping like fishing; they want to see how big the fish is that they can catch with the smallest bait"

Vendor management typically includes a group of services designed to reduce costs, improve supplier performance, and identify and address risks in a timely manner through the professional handling of suppliers.

Vendor management is particularly recommended if the company increasingly transfers operational tasks to external providers. Professionally operated vendor management is also useful for tactical tasks such as the continuous coordination, adjustment and monitoring of services between departments and service providers, as well as for strategies to ensure long-term outsourcing goals.

Our services can include:

Sourcing of suppliers: We have significant market knowledge in many areas, which facilitates negotiations with suppliers and the conclusion of the framework contract, as well as identifying opportunities to reduce costs and improve the conditions of the suppliers.
Improved management information: this provides our customers with considerable information about costs, inventory levels and errors between demand and delivery.
Identify suitable providers: Sometimes there are suppliers who offer better conditions and price levels. We can help you identify them
Identify vendor consolidation opportunities: Providing suppliers with larger or more frequent orders often leads to better prices and conditions.
Assessment of the current providers with regard to their performance, quality and price structure and assessment of supplier catalogs in order to find products that may be more suitable.
Manage the transition from one provider to another, which can often lead to a loss of delivery and loss of income if it is not managed professionally.
Monitor and evaluate vendor activities, including adherence to quality, contract, and service level agreements (SLAs) so that vendors adhere to agreed delivery times, billing procedures, and price levels.
Recognize and monitor risks, which is particularly important if they are supplied from third world countries.
Support in the creation and implementation of professional tenders

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Your advantage

Possible advantages of our professional vendor management services are:

The overall cost of procurement is reduced by identifying areas where costs can be saved and the procurement process can be optimized.
Supplier performance is enhanced through periodic reviews and improvements in processes, communication, and interaction between buyers and sellers. An improved flow of information between our customers and the provider will increase the administrative information for both companies. In addition, the purchasing company can reduce storage costs through optimal purchasing.
Efficient purchasing will increase profit levels and generate more fertile customers. Experienced employees are freed from problem solutions in order to concentrate on core purchasing processes.
Vendor Management Services keep the buyer / seller relationship in balance and match both company goals.
By continually reviewing your provider, service problems and errors will be reduced. If problems arise, warnings regarding the possible penalty costs are triggered at an early stage.
If there are legal obligations with a purchase, such as staffing, we can ensure that these obligations are met.