Why VMS? Leveraging a Vendor Management System for Your External Workforce
Finding and managing the right mix of labor for your organization can be challenging. There are financial, legal, compliance and cost considerations that can turn into time consuming and expensive problems, particularly when it comes to employing a flexible workforce. Increased globalization, a more competitive marketplace and the need to fill specialized roles are just a few reasons that companies increasingly rely on external workers including contractors, temporary workers and service firms managed under Statements of Work (SOW), to create competitive advantage.
Today organizations leverage Vendor Management System (VMS) technology to help successfully procure and manage this valuable labor. A VMS is an all-inclusive platform that guides users step-by-step through the entire process of procuring external talent and services. From creating a requisition with just two clicks to offboarding a worker, a VMS is the only system that can seamlessly handle each step in the process and integrate with your existing technology, including both an Enterprise Resource Planning (ERP) system and Applicant Tracking System (ATS).
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