Special Report on
Vendor Management System
Vendor Management System - Trends
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-enabled, often Web-based application that acts as a mechanism for business to manage and procure staffing services – temporary, and, in some cases, permanent placement services – as well as outside contract or contingent labor. Typical features of a VMS application include order distribution, consolidated billing and significant enhancements in reporting capability that outperforms manual systems and processes. 1 The contingent workforce is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers , independent professionals, temporary contract workers, independent ...
Bill Kane is the Director of IT at Boston Private Bank & Trust Company. A few years ago, we developed a vendor management application for the bank’s use, which later became the basis for VendorRisk . We asked him a few questions about their rationale for establishing a vendor management strategy and how the application has assisted their efforts. Why did your organization first implement a vendor management program? Bill: We realized the need to implement a formal vendor management program as Y2K approached. It was clear back then that we needed to fully understand the ... Read More
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VENDOR MANAGEMENT SYSTEM