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VENDOR MANAGEMENT SUPPORT
Client: Large Scale Retail Store
Situation:
Client planned to do macro level organization restructuring. Client wanted to evaluate its spend and wanted to explore saving options with minimum liability and risk exposure.
Methodology:
Team analyzed all the vendor contracts and conducted large scale correlation of contracts with invoices. This helped the team realize that many saving options remained un-utilized where high volume purchase could have earned large discounts. Careful categorization of vendors helped Client prepare list of vendors which can be utilized in much economical manner compared to others in same category, just because of better negotiated terms in the contracts.
Result:
Client’s existing repository helped them achieve big saving targets and needless to mention helped them face the economic slowdown with a brave face. Our ongoing support to Client in their vendor management via performance tracks and service level management helped them resurrect there systems.
   
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