Consolidation of Vendors and Service Providers
Over time it is not uncommon for organizations to find themselves with a large number of service providers supporting their operations. Some of these providers are no doubt strategic to your specific business model, but for the most part, many perform routine business services (phone systems, IT, furniture, printing/copying, marketing/PR, etc.). While outsourcing these services provides a cost-benefit (as opposed to maintaining internal departments), the use of several different vendors can actually erode these savings and cost you more. Ask yourself:
- Do you know how many different vendors you currently rely on to keep your business running?
- Are these services spread across and managed by various divisions?
- What is the contingency for failed service delivery?
In addition to increased costs, the time spent managing multiple vendors also factors into employee productivity and could greatly impact your workflow efficiency. Over the course of a fiscal year, the seemingly minute amounts of time spent juggling multiple contact numbers, emails, personalities, corporate policies, invoices, etc. can amount to several lost hours of productivity on your payroll. Imagine doing your grocery shopping at 5 different stores: one for vegetables, one for dairy products, one for meat, and so on… The one-stop shop model provides a MUCH more convenient and cost-effective solution than multi-vendor management.
â€The main reason for consolidating your supply base should be operational efficiency: lower costs in relationship management, lower administration costs, less risk to the business and increased quality and speed in delivery.â€
— “Consolidating Vendors Brings Operational Benefits As Well As Dollar Savingsâ€,
Forrester Research, Inc., June 2008
In response to this need, Total Corporate Solutions has pulled together several strategic business units under one roof to offer clients a catalog of solutions and services essential to their business. Choose from our list of services and let our experts develop a unique solution that works for YOUR business.
Here are the Top 10 Reasons YOUR Business Needs to Embrace the TCS Approach in 2015:
1. Eliminate Cost Redundancy
Each service provider that you use possesses overhead costs of their own (rent, utilities, payroll, etc.) which are baked into their pricing structure. As you multiply your outsourced vendors, you also needlessly multiply these inherent costs. By utilizing one vendor for multiple services, you can eliminate these redundant costs across the board to reduce your overall expense.
2. Increase Productivity
With one point of access for your multiple services, fewer man-hours are required to manage fewer tasks and contacts. Allocating this time to more internalized projects will further streamline your workflow and reduce your overhead costs.
3. Realize the Best Solution
With so many service providers in today’s business climate, how can you be sure you’ve found the most qualified, accredited, competent solution? Lowest price doesn’t always produce lasting, quality results. But who has the time to research and properly vet dozens of providers across multiple services? At TCS, we’ve already taken the time to do this: we only work with vendors who have proven industry experience in providing top-quality solutions.
4. Increase Purchasing Power
With 10 different business services available from TCS you have the added incentive of bundling multiple services together to achieve further-reduced pricing.
5. Reduce Training
As your workforce changes, the need to get new employees “up to speed†on the myriad of services required to run your business is drastically reduced with one provider. Additionally, our teams of experts stay current on the latest innovations in their field to provide you with regular updates to your specific technology.
6. Measurable ROI
By establishing regular checkups and key milestones, we monitor your continued progress to determine successful strategies and identify further areas of improvement.
7. Decrease Administration Headaches
Service providers operate with their own specific business model, contractual obligations and accounting procedures. Navigating these hurdles across multiple vendors and variable business cycles adds unnecessary stress to your administration efforts. With TCS, you spend less time in multiple vendor meetings, churning through endless paperwork and varying contracts.
8. Achieve Seamless Applications
Applying multiple solutions to your business in a cost-effective manner often requires patching together separate services that don’t inherently mesh well. Whether it’s the products themselves or the personalities that provide them, forcing these pieces to fit together will always produce challenges. At TCS, our teams work seamlessly together to achieve unique solutions quickly, resulting in a reduced launch date for your new product/service.
9. Singular Support
When problems arise, every minute spent in “down time†is costly to your business. You don’t have time to search for the correct point of contact only to get passed around to third parties. With one phone number at your disposal, TCS provides the answers you need to get your business back online.
10. Stay Competitive
Many of our clients find themselves locked into contracts with outdated technology. This type of industry strangle hold can greatly hinder the natural progress of your company, allowing your competition to gain the upper hand. We can work with your incumbent supplier to buy-back your contract ahead of time, without incurring additional costs.
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