Vendor consolidation is the act of reducing the number of software vendors that you work with as a means to cut costs and drive efficiencies. It’s a lot like supplier consolidation in the supply chain management world, where producers may reduce input channels as a means to lower costs of freight, increase purchase power, and build stronger contracts. Although consolidation of software vendors doesn’t exactly help with the cost of freight, it does mean streamlining operations and lowering costs across the organization.
