Sourcing Industry Group’s (SIG) President and CEO Dawn Tiura says, “Sourcing professionals are finding themselves in the midst of a technology firestorm. Almost every function in a typical business process is being automated and apps are being developed to improve virtually everything we do. Sourcing organizations’ clients want new and exciting technology to help make their lives better too, but by the time sourcing has done their due diligence and is ready to buy, newer, faster and more attractive solutions appear.”
Dawn continues, “What happens when a proven system meets new technology? Innovation. In the area of services procurement, one such example is the Vendor Management System (VMS), which makes the acquisition of non-employee talent and professional services manageable. Recently, many SIG members have asked for help to make sense of this category. SIG responded with a new and unique report: Innovations in VMS Technology.”
In that report, SIG’s analysts evaluate PRO Unlimited’s VMS, Wand. They take a deep dive into how PRO has integrated mobile technology and Artificial Intelligence into mature systems to make them more powerful. SIG’s research also shows how providers like PRO are using a massive amount of data to drive actionable initiatives through analytics. Ultimately, the study shows how PRO has been innovating its VMS and how we are enabling our clients to meet their goals with proven technology.
Here is what SIG’s analysts say about PRO’s VMS. This is only Part 1, so stay tuned for more over the next two weeks!
Predictive Analytics, Machine Learning and Artificial Intelligence
Mobile Device Platforms and Apps that Drive Them
Open APIs and Communications between other Client or Supplier Systems
Total Talent Management features including Preferred Talent Pools, FMS, SOW and FTE options
One of the most significant evolutions to influence the VMS is the convergence of Total Talent Management. First discussed in the early 2000’s this has become a transformation point where HR (Talent Acquisition) and Procurement (strategic services sourcing) have begun to collaborate. The innovative VMS providers are leading this charge where most HRIS have fallen short. This requires an enterprise paradigm shift where the organization sees the selection of the right talent for the job first and the way that talent is sourced, paid or managed becomes a secondary consideration.
Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of PRO Unlimited and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.