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Blog

Steps to Becoming a Preferred nextSource Supplier Partner

Nov 2, 2018 1:39:37 PM

 

Last week, nextSource hosted its first Keystone Partner Summit which included the conferral of 2018’s Keystone Partner awards. The commonality between all four categories—the Keystone Partner Award, the Premier Partner Award, Emerging Partner Award, and the Fidelity Award—is excellence in partnership. After the event, we announced the winners in a press release, prompting other staffing companies to ask how they might become preferred partners too. This post outlines the steps an organization can take to become preferred supplier partners.

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Topics: Blog, Supplier Management

Four Ways to Become an “A+” Customer to Your Suppliers

Sep 6, 2018 3:52:07 PM

With unemployment rates at the lowest mark this century, everyone is eager for strategies from HR to attract and acquire talent. Yet for contingent workforce programs, this means strategies involving the staffing suppliers that comprise the talent supply chain. Success will depend on ensuring your suppliers can attract the talent your organization needs. In pursuit of that success, here are four ways to become an “A” customer to your suppliers and ensure your contingent talent supply chain is effective in delivering top talent.

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Topics: Blog, Supplier Management

M&A Activity and Market Gyrations Force Focus on Staffing Supplier Readiness

Aug 3, 2018 2:57:05 PM

How well can your existing supplier base scale with your business, particularly should your company be involved in a merger or acquisition? While your organization may not currently be an M&A target, the chances it may soon become one are increasing at precisely the same time as the staffing supply industry is experiencing a fragmentation into so many highly specialized but smaller provider organizations. If M&A action is initiated within your organization, or even simply in response to market fluctuations made more likely by the expanding trade war, we ask, “how well equipped is your supplier base to flex and ramp up to meet the challenge?”

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Topics: Blog, MSP/VMS, Workforce Management, Supplier Management

Truth in Advertising: Tips for Properly Vetting New Staffing Suppliers

Jul 13, 2018 12:24:20 PM

When program managers are in the process of vetting new staffing suppliers to serve a contingent workforce program, there are several critical components they must pay careful attention to. Today, every supplier seems to offer a “we can do anything” support model, but it’s critical to dig a little deeper and ask the right questions to gain the foundation for a successful partnership. Here are some tips based on decades of experience in vetting staffing companies for our client MSP programs.

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Topics: Blog, Best Practices, MSP/VMS, Supplier Management

When is Vendor Neutral Really Neutral?

May 22, 2018 10:48:59 AM

The term “vendor neutral” is bandied about frequently in the design phase of a managed services program (MSP). The idea being that instead of a prime vendor model wherein one “prime” staffing vendor is engaged to fill all requisitions at pre-negotiated rates, requisitions are instead issued to an array of participating suppliers who issue competitive bids for each position. In theory, a vendor-neutral MSP model is quite successful at keeping bill rates competitive. Yet, in some cases, the neutrality of the MSP may not be as egalitarian as one may think. Here’s some inside information that can help a hiring organization ensure they’re being afforded true neutrality.

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Topics: Blog, MSP/VMS, Supplier Management, Best Practices

When Insurance is a Barrier to Business

May 10, 2018 12:08:12 PM

For many independent contractors, the following frustrating scenario is all too familiar: you’ve checked off all of the requirements of a contract for a fantastic gig and waiting for the final approval, only to be told you’ll need different levels of liability insurance to solidify the deal. For hiring managers, a similar scenario often unfolds: your on-site contingent workers are carefully selected ready to work, but must be turned away at the door because the staffing firm’s business insurance expired the day before. These are just two examples of the ways in which insurance requirements can become a barrier to accessing talent and advancing your business. In this blog, we take a closer look at how Bunker, a nextSource channel partner, is taking an innovative approach to help companies overcome insurance as a barrier by combining insurance and technology.

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Topics: Blog, Independent contractors, Supplier Management, Technology, Best Practices

How to Avoid the Growing Threat of Billing Scams with Consolidated Billing

Apr 18, 2018 4:07:51 PM

One of the “hot topics” at a recent conference attended by nextSource focused on the rise of some clever scams perpetrated against higher education organizations within their procurement departments. One such organization admitted to being victimized by these proliferating scams to the tune of millions of dollars! Read on to learn about this pernicious con being committed by scammers and how to avoid falling victim to it in any industry.

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Topics: Blog, Supplier Management, Risk Management, MSP/VMS, Procurement Services

The Six Critical Components of a Strategic Sourcing Initiative

Feb 26, 2018 2:01:35 PM

Recently, nextSource produced webinar together with Azul Partners and Jason Busch of Spend Matters titled, “The Strategic Sourcing of Talent in 2020: Balancing Cost, Compliance and Agility.” It was chock full of high impact ideas and actionable strategies. One of the most interesting segments of the webinar (which you can review here) examined the six critical components of a strategic sourcing initiative. We thought this list would be valuable to our readers, so here is the synopsis.

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Topics: Blog, Supplier Management, Procurement Services, Strategic sourcing.