When doing business with suppliers, it is of course important to give each supplier attention and time as a purchasing company. You can think of, for example, drawing up large and small contracts, maintaining the data, checking prices and delivery agreements and of course maintaining the relationship itself. This takes a lot of time. On average, a company has about 500 suppliers, you can understand that this takes quite some time. In order to work more efficiently, more and more companies are reducing the number of suppliers, but why exactly? We’ll explain that to you.
In this way, a purchasing company aims to make more purchases from a specific supplier instead of dividing it over several suppliers. Of course this entails more risk, because if one supplier is lost, many more purchases are lost. Important agreements need to be made about this with the suppliers. In many cases, however, it is and remains more efficient to work with a smaller number of suppliers. In this article we going to teach you more about invoice management.
More about why fewer suppliers
How do you deal with suppliers who take a lot of time, but do not have a major influence on the final result? So it is important to divide suppliers into groups. This is easy to do via a commonly used method of dividing suppliers into groups, namely the ABC analysis. This analysis identifies which group of suppliers provides the largest purchasing volume.
Invoice management – Reduce suppliers
Do you, as a company, want to reduce your number of suppliers in a professional manner? Take a look at the Corlido website for tailor-made advice.
Also read about indirect procurement
Corlido is a total supplier with an unlimited product range. Corlido is an independent supplier without a fixed range. You reduce your supplier base from thousands of billing suppliers to one total supplier.
Benefits invoice management
• One point of contact, one invoice, one payment term.
• Optimization of internal processes.
• Unburdening the internal customer.
• Focus on strategic issues.
• Reduce internal costs and save up to 21%.