Before you implement a successful Vendor Management System (VMS), start by building a case for one.
For companies still using manual processes or outdated automation tools, building a business case for a VMS can seem almost overwhelming. It does not have to be. That is why we have compiled these thorough but simple instructions for building a successful business case.
Know what the right questions to ask
Learn the information you need to collect
Identify the necessary risks, rewards, and ROI projects
Assemble and organize all the elements needed to win executive approval for a VMS
Procurement, sourcing, and human resource professionals know that a data-rich, enterprise-wide vendor management system is vital for effective management of their extended workforce – a workforce that includes contractors, project-based consultants, and outsourced service workers.
With nine out of ten companies expected to explore or adopt a VMS this year, now is the time to prepare a business case that resonates with your company and prepares you to select the right VMS partner to meet your needs. Adopting an effective VMS is no longer a luxury – it is a business imperative.
Learn the six steps to building a winning business case for your VMS. Download our ebook.
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