Brand New Research: One Major Don’t in VMS, Services Procurement Technology

VMS

Sure, there are plenty of best practices and "do's" when it comes to vendor management systems (VMS) and services procurement technology. But sometimes we learn best when privy to the negatives, or "don'ts," in business and in procurement. Jason Busch, founder and head of strategy at Spend Matters, presents the complimentary research brief Sourcing VMS and Services Procurement Technology: Don't Do This!

An excerpt: "Occasionally, procurement falls victim to bad sourcing behavior without even knowing it. Recently, we have become aware of situations in the contingent workforce area in which managed services providers (MSPs) have been pre-selecting third-party vendor management system (VMS) providers as part of a combined bid. While MSPs have every right to package solutions for clients, Spend Matters strongly recommends that procurement organizations adopt a strategic sourcing approach to procuring solutions to manage contingent labor and broader services categories by encouraging multiple options and supplier creativity."

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