When it comes to talent management, investing in a Vendor Management System is no joke!
Most providers will show you how their system will provide the highest return on investment by giving hard examples of how they saved a client millions of dollars. And for many organizations, this is true and quite attainable depending on the amount of resources put forth into contingent labor. Just the visibility into the actual spend, will often help corral rogue spending.
However, there are other factors that you need to take into account when deciding which provider to go with – and these can be more subjective – but they should garner serious consideration and are no laughing matter. As a customer looking at adopting a VMS, you must be able to somehow measure the facets that are not measurable by instituting a value in place of money metric and give each one a weight. Below are a few of the top non-monetary attributes to consider when choosing a VMS:
The features and functions of the VMS itself are extremely important, but often just as imperative is how the account manager, help desk and other staff respond to your needs before, during and after the implementation. Don’t be fooled by a slick sales presentation with lots of facts and figures. Often what you get behind the scenes is more significant to your day-to-day business operations.
Check out this video to see how a Vendor Management System can make your work life less stressful.
Mail (will not be published) (required)
6 + = seven
Thanks for Subscribing to DCR Blog.