Supply base reduction (volume consolidation)

Question

Quizplus · Accepted Answer

Supply base reduction, also known as volume consolidation, involves reducing the number of suppliers a buyer works with. This can benefit both parties by streamlining processes, reducing costs, and building stronger relationships. It does not necessarily put the buyer at a negotiating disadvantage, and can potentially result in savings for buyers through increased efficiencies and lower procurement costs. Early supplier involvement in product design is a separate concept and not directly related to supply base reduction.

Supply Base Reduction (Volume Consolidation)