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Supplier-Consolidation Services
Streamline your procurement
Navigating the global component market can stretch your purchasing department thin, especially when acquisition costs and managing sprawling supplier bases add to their challenges. When it becomes a struggle to get the parts your company needs, it’s time to ease this burden and get back to business.
How We Help
Consolidate similar or overlapping suppliers
Eliminate low-volume suppliers
Centralize your supplier approval process
Reduce personnel and transactional costs
Increase procurement speed and flexibility
Ensure product quality
What We Do
Smith’s supplier-consolidation services lower overhead costs in the procurement process.
Cost Savings
Smith’s systematic supplier consolidation allows you to increase the efficiency of the buying process, lowering your total cost of acquisition. By reducing your number of suppliers, you can reduce your transactional costs and see significant savings.
Improved Global Supply Chain
Centralizing your noncritical purchases through Smith alleviates your purchasing pressures without compromising product quality or availability. Smith can give you access to hundreds of new suppliers to support your noncritical purchases, with qualified suppliers of your choice or through our global supplier network.
Time and Resource Savings
It can take hours (if not longer) to set up new suppliers. We can help reduce this time sink and optimize your resources by eliminating the ramp-up time for noncritical supplier management. Centralizing select purchases through Smith saves time and money and keeps you moving with the products you need.
Onsite and Offsite Support
Smith will assign a dedicated buyer or team of buyers to manage all of your purchases. Maximize your partnership with Smith with optional onsite support at your facility, and let Smith act as an extension of your existing purchasing team.
Smith’s supplier-consolidation services create new operational efficiencies by reducing the number of suppliers needed for noncritical or one-off purchases.
Learn how our client reduced their supplier base while simultaneously increasing flexibility in their supply chain.
The client was managing over 700 suppliers with a time-intensive and costly process that had to be followed for every new vendor added. See how Smith helped them streamline their purchasing process and alleviate the burdens of managing noncritical suppliers.
Certifications and Affiliations
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CCCI-102 Level 1 and Level 2
Our quality inspectors’ CCCI-102 certification expands upon the anti-counterfeit standards contained in Smith’s CCAP-101 certification and helps to safeguard the global supply chain from inauthentic components.
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Hear From Our People
READ MORESmith’s supplier-consolidation services save our customers countless hours of supplier setup time and management. We’ve taken a thousand suppliers down to a single partnership with Smith that resulted in over a million dollars in realized savings.
Smith Insights in Supplier Consolidation
Market Blog
Nov 07, 2024
Smith Secures Automotive Award at IIC Shenzhen 2024
The company was recognized for its demonstration of superior business management and customer sat...
Sep 24, 2024
Smith to Exhibit at First embedded world Trade Show in North America
Visit Smith Representatives at Booth 2117
Feb 27, 2024
Smith Names Juline Longo Vice President of Enterprise Programs
Juline will spearhead customer-driven programs and deliver cutting-edge solutions to Smith’s glob...
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