Define: "Vendor Consolidation" in Business
Catastrophic fiscal burn
"Update your resume. You are about to spend the next two years reverse-engineering missing features that the new vendor promised were built-in."
The strategic reduction of third-party suppliers to streamline operations and reduce costs.
What does "Vendor Consolidation" actually mean?
"Ripping out four perfectly good specialized tools and replacing them with one massive Next-Gen firewall suite that does all four jobs terribly."
"Through vendor consolidation, we aim to simplify our procurement process."
"Management announced a vendor consolidation strategy, meaning we are now strictly a Fortinet shop and all my Palo Alto certifications are useless."
By The Chief Waste Officer
18 years in the corporate trenches quantifying waste so you don't have to.
Related Terminology
Tired of hearing this?
Next time someone says "Vendor Consolidation" in a meeting, track exactly how much company money they just wasted. Play Buzzword Bingo, generate a waste invoice, and stop the bleeding.
