A Vendor Management System can help organizations efficiently and strategically manage their contingent workforce through order distribution, consolidated billing, spend management, and advanced reporting capabilities. In a sensitive economy where the demand for employees is constantly evolving and there’s an increased need for contract labor, the process of supplier management and negotiation can often take hiring managers away from their core job responsibilities. For companies that feel their overall staffing strategy is suffering as a result, implementing a Vendor Management System can help mitigate risk, improve process efficiencies, increase visibility and data transparency, and ensure the highest quality possible.
Vendor Management Systems are designed to improve the procurement process by consolidating all staffing data into one simple system of record. Once hiring managers have the ability to manage requisitions, costs, and billing and compliance needs from one source, they will have the flexibility to devote more time to other important responsibilities.