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Tag Archives: vms

Are you Planning to Run your MSP in-house?

June 17, 2013

Companies are using more contingent workers, and becoming adept at balancing their talent needs with the use of contingent workers. Many of them are using vendor management systems and outsourcing their contingent workforce programs to Managed Services Providers (MSPs) to achieve greater operational efficiency and control. The million (or multi-million) dollar question being asked hereRead full story…

10 Questions to Ensure a Successful VMS Implementation

June 7, 2013

Technology is a great asset which minimizes our efforts and provides significant process improvements. But what about the horror stories we keep hearing about botched implementations and other disasters? Companies deploy a Vendor Management System (VMS) for increased control of the hiring process, risk mitigation,  cost savings – both hard and soft, improved quality ofRead full story…

Practical Aspects of Consumption and Specification Management

May 31, 2013

We have all heard of this procurement best practice called Consumption and Specification Management (CSM). CSM is all about ‘right setting’ all details within the scope of buying goods or services to drive value for the organization.  The objective is to increase efficiencies and achieve significant cost savings without impacting the quality of a buy.Read full story…

Implementing Supplier Relationship Management

May 30, 2013

Everyone agrees on the importance of Supplier Relationship Management (SRM) as a procurement best practice. It is recognized to be effective in building mutually beneficial, long term relationships between supplier and client. I recently interviewed a procurement executive on how to streamline SRM processes, forming an effective foundation for on-going and continuous improvement. What impressedRead full story…

Can a VMS Improve Compliance Levels?

February 5, 2013

With the slow and steady growth in the use of temporary workers, there has been a corresponding growth in adopting a Vendor Management System (VMS) to manage this workforce. All VMS providers claim that their systems provide full transactional support for contingent workers, from issuing requirements to off-boarding workers. Most have adapted themselves to customerRead full story…