Updated: Feb 3
How many vendors does your company utilize over the course of a year? Depending on what type of business you have, that number could vary significantly. You may have one "go-to" provider for some items, but multiple suppliers for other items or services you use on a day-to-day basis.
While your company may have fewer suppliers than your favorite coffee shop down the street, if you look at THEIR vendor list, you may find there's a good reason to focus on "more-of-the-same" vendors for your company, too.
Pretend for just one minute that YOU are the owner of that little coffee shop and diner down the street. It's unlikely all of your daily needs would come from just one distributor, so it's easy to identify which areas where you might need to have multiple suppliers —
Multiple vendors for dishes, glassware, and utensils
A different one for the heavy coffee mugs