Vendor Management Rebooted

http://www.scribd.com/doc/10157725/Vendor-Management-Whitepaper

 

Vendor Management (VMS), the over-sung song of staffing industry commentators, has seriously needed a reboot for some time.   The reality is that most of the VMS is happening in the tier two space (spend say between $2 million and $20 million), and a lot of it is happening with Tempworks affiliated staffing companies delivering the Tempworks VMS solution.

 

Although this paper has obvious use as a marketing piece for Tempworks, I tried to make it as analytical and informative without being overbearingly academic.  Synopsis:

 

This paper describes the components – the roles, tasks and tools - of Tempworks Software’s Vendor Management System (VMS). 

 

Based on the principles of multi-tenancy, Web 2.0 frameworks, and database centralization, Tempworks liberates the various parties involved in the VMS equation and allows end-clients to achieve cost containment, performance management and staffing excellence.  With true integration, end-clients maximize cooperation between employees, candidates, hiring managers, payroll/AP, 3^rd party recruiters, staffing agencies and the government, and the result is better talent, better security and compliance and lower costs. 

 

The Tempworks story goes back to 1959 when engineer Ara Dourgarian began implementing a variety of mechanical recruitment devices.   In 1975, at a Manpower staffing franchise in Sacramento, CA, Ara and his son, the author of this paper, began developing systems to handle the needs of its large clients.  A generation later, Tempworks VMS serves BMW, branches of the federal government and many leading employers.