Hans Følsgaard has extensive experience with consolidation. In short, it is about reducing the number of suppliers and thereby achieving several derived benefits.
Consolidation can result in a strengthened negotiating position with lower prices and favorable terms. In addition, reducing the number of suppliers can streamline procurement processes and reduce administrative costs associated with managing multiple supplier relationships. It also enables the company to focus its efforts on building strategic partnerships rather than spreading resources thinly across numerous suppliers.
Reducing complexity of your supply chain
Consolidating suppliers simplifies the supply chain by reducing the complexity of managing multiple suppliers, logistics and inventory. This leads to reduced delivery times, increased security of supply and efficiency in the supply chain. It can also reduce the risks associated with supply chain disruptions, as the company can better monitor and manage fewer suppliers.
By working closely with a smaller number of strategic suppliers, a company can foster innovation and collaboration. Suppliers can become trusted partners, offering valuable input, ideas and expertise to help the company develop new products or services, improve existing ones or explore new markets.
Hans Følsgaard has technical and engineering resources in the consolidation team. We handle drawings and revisions. We have in-house APQP specialists to help where needed. Our professional procurement team handles logistical challenges.
Hans Følsgaard is your technical partner on consolidation.