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Bing Fa Consulting has a range of Vendor Solutions that we can provide to your company. Vendor Solutions is rapidly becoming the latest non-core work to oursource due the large about of time vendors take to manage.
If you’re a retailer, you might have anywhere from 300 to 5,000 vendors that you have to manage every month. The amount of overhead and expense that is involved in just processing the paperwork with your suppliers today can sink any company that is not ready for problems.
One solution is to cut the number of suppliers and buy more from existing suppliers. This creates a dependence on a few key suppliers to find or create new products. In reality, its just not a long term solution. It’s a quick fix that creates more problems down the road, about 6-9 months down the road or up to 18 months if your a larger retailer. The problem it creates is a serious lack of new products, and, it forces your buyers to buy products that your customers don’t want. The consequence is a loss of revenue that is much greater than the money it saved.
A better solution and one that will complement your business and make it thrive is to outsource your vendor management.
Bing Fa Consulting’s Vendor Solutions Include:
Enterprise Solution Levels:
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