Exploring Benefits of Vendor Consolidation, Insight Report Offers Guidance for IT Professionals

Developing a more strategic approach to procurement and vendor management is important in today’s current business landscape

TEMPE, Ariz., July 23, 2020 – A new report from Insight Enterprises (NASDAQ: NSIT), the global integrator of Insight Intelligent Technology Solutions™ for organizations of all sizes, found that transformative business opportunities can result from strategically managing procurement, the supply chain and the vendor portfolio.

This white paper “Driving Business Value Through Vendor Consolidation” offers guidance for IT executives seeking to understand the right approach to vendor consolidation for their organization. Any IT decision-makers concerned with their organization’s supply chain will find this content helpful for those closely involved in sourcing, procurement and vendor management (SVPM) positions.

“Technology is constantly changing from a vendor management perspective. You want to make sure your business stays competitive in the environment while bringing on new technologies and watching your vendor spend,” said Scott Pickles, vice president and general manager, enterprise sales, Insight. “Enterprise sourcing, procurement, and vendor management professionals must constantly assess how to optimize IT operations and processes in order to free up funds for the business to invest in innovation. When approached as a strategic business decision, IT vendor consolidation is a primary way to accomplish these objectives.”

A few key findings from the report include:

• An unwieldy vendor portfolio and outdated procurement processes can comprise the success of an organization’s digital transformation efforts.
• A streamlined vendor portfolio optimizes daily SPVM operations and primes the enterprise for growth.
• The right partner for consolidation should have deep expertise across the IT ecosystem and should prioritize the organization’s SPVM and business needs like their own.

“The second quarter of 2020 launched many digital transformation projects for companies due to the urgency of technology needs for remote work as a result of the global pandemic,” said Jamie Werve, director of marketing, Insight. “Even if companies did succeed at rapidly orienting operations and services to digital, the transformation journey is far from over — and that means procurement and vendor management professionals now need to assess IT budgeting. Rationalizing spending across a few vendors allows businesses to take advantage of scale or volume pricing.”

This white paper unravels the current pain points of IT professionals and uncovers key benefits of vendor consolidation supported by industry research. It can help organizations build a business case and determine which partners will ultimately meet their needs now and in the future.

To download the complete “Driving Business Value Through Vendor Consolidation” report, visit www.insight.com.