Initiating a large scale project to manage contingent workers and service providers that can involve upwards of $1B in spend can be daunting. Once your team makes decisions about how to structure the program and what vendors to partner with, the real work begins. Whether you decide to manage the program in-house or through a trusted Managed Service Provider (MSP), a Vendor Management System (VMS) will likely be employed to automate and streamline processes and provide visibility into the workforce.
The implementation process often sets the tone for the VMS project’s success, and it is a critical element to achieving executive approval, user acceptance and 3rd party system compatibility.
The following five steps can help ensure that your project runs smoothly and accomplishes the expected goals, on-time and on-budget.