Build a Winning Business Case for a VMS

September 7, 2014

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For companies still using manual processes or outdated automation tools, building a business case for a VMS can seem almost overwhelming.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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