Let's start this new year with a little know-how of procurement consolidation of online industrial goods and services with Industrykart. A combined PO or a Blanket Purchase order is generally employed when a business is in dire recurring need of expendable goods.

There are multiple ways in which procurement consolidation acts as magical aid for procurement leaders in the business. Consolidating small POs into fewer larger purchase orders and submitting them to the regular suppliers or a single vendor who can fulfill all your requirements instead of sending multiple POs to a bunch of suppliers. These large orders in lumpsum qualify for discounts, thus, reducing the overall monthly expenses and helping a business to save more.

Tracking multiple small purchase orders is potentially a tedious and time-consuming process which ultimately results in diminished efficiency of your team. Consolidation frees up the team to utilize that time for attending to other important matters. This also results in a collective decreased vendor interaction with your procurement team. 

Another benefit of procurement consolidation is the chance to negotiate the arrival date and deliveries of goods important to tend for ongoing production schedules. This makes it an easy process for procurement and supply chain teams to coordinate with a sole vendor as opposed to multiple vendors. Another appealing feature of consolidated POs is that they often have lucrative clauses to make terms attractive to loyal customers. This aids the business in the flexibility of terms since they know that slight adjustments can be made in scheduling and quantities of goods while enjoying the benefit of dealing with a single vendor at the same time.

Being a Leader in Industrial Goods and Services industry, at Industrykart, we offer the best services and help you avail all the golden benefits of procurement consolidation at the best terms for all the online industrial goods and services.