DataServ Blog What is a Supplier Network?

Every company wants to find ways to save time and money so they look for the right supplier from whom they can get the best possible deal. Supplier networks allow companies to access a selection of vendors and sort through them according to their preferences and thus have become essential to compete in today’s business environment. A study conducted by the Aberdeen Group found that companies using supplier networks can increase spending under management while reducing costs related to poor supplier performance.