Client Success Story: Fortune 100 Manufacturing Co.


Challenge

Our client's procurement organization was faced with the task of trying to identify and more effectively manage their spend for contingent labor and consultants. With the absence of a centralized control point and company wide reporting, this was a difficult task.


Solution

The solution was the engagement of nextSource to provide a vendor management program. With our extensive experience, nextSource was able to assist our client in establishing a centralized process for the acquisition of their contingent labor through TAMS (Talent Acquisition Management Solution), PeopleTicker and nextSource's on-site services.


Benefits

  • Introduction of standard acquisition processes
  • Introduction of PeopleTicker for continuous rate benchmarking
  • Establishment of a rate card by skill set, experience and geographic location
  • Reduction of "time to hire" intervals by approximately 50%
  • Delivered annual savings in excess of 6%