Symbol Technologies
Challenge
Symbol’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 to their task was the engagement of nextSource in providing a vendor management program. With their extensive experience, nextSource was able to assist Symbol in establishing a centralized process for the acquisition of their contingent labor and consultants through the utilization of TAMS, The People Ticker and nextSource’s on-site services.
Benefits
- Introduction of standard acquisition processes
- Introduction of The People Ticker 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 $2,000,000
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