Vendor Management System (VMS)
The label and acronym may be misnomers, but the results are clear. Vendor management software can yield significant benefits for finding and managing external workers.
A VMS gives acute visibility into the external workforce
With an increasingly complex and multi-channelled global workforce, enterprises must gain clear insight into who is working for them, where, why, when, and at which rates.
With answers to these questions, Procurement and HR leaders will be better equipped to gain a competitive advantage and not get left behind.