Having an exclusively internal focus during strategic sourcing assumes your enterprise is at the center of the mark… https://t.co/v9QRnjgNVS
For procurement professionals, cost savings and cost avoidance areas are always a top priority. And although HR departments are seeing an increased role in managing contingent labor programs, at most companies, the program is still owned primarily by procurement. Regardless of program ownership, many aspects of managing non-employee labor can impact program spend, and program managers face common finance-related challenges, such as:
- Maverick program spend
- Budget forecasting inabilities
- Insufficient budget visibility
A vendor management system (VMS) can help measure program costs, but to really gain control, leaders and managers need to know what to measure in order to make cost-conscious, data-driven decisions.
This webinar will provide you with the strategies to analyze your spend allocation to determine smart, practical ways to gain greater control over contingent labor program costs overall.