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Blog

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, Best Practices, Supplier Management

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, Best Practices, Supplier Management, Technology, Independent contractors

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, MSP/VMS, Procurement Services, Risk Management, Supplier Management

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, Procurement Services, Supplier Management, Strategic sourcing.

What It Means to Be a Keystone Partner

Aug 15, 2017 11:01:56 PM

Last week, nextSource announced the winners of this year’s Keystone Partner Awards. This program recognizes those suppliers demonstrating the highest levels of customer engagement and the capacity to deliver the best quality talent. Named for the central building block situated at the summit of an arch which locks the whole arch structure together, the Keystone Partner Award is bestowed upon top performing suppliers without whom, workforce management structures would lack the critical cohesion needed for success.

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Topics: Blog, Supplier Management

Why Vendor Neutrality Ensures Supplier Success

Jul 19, 2017 2:35:35 PM

The role of suppliers in the services supply chain ecosystem has evolved significantly since the advent of the MSP (managed services program). World-class MSPs recognize the critical importance of strong and mutually profitable supplier partnerships when it comes to delivering value and efficiency to their customers. What follows are some best practices to help any MSP ensure strong and lasting supplier partnerships.

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Topics: Blog, MSP/VMS, Supplier Management

The Value of Face-to-Face Meetings with Your Staffing Suppliers

Jun 28, 2017 2:43:59 PM

The human capital business is all about people. So why would you de-humanize the process of supplier management when your success is based on the positive relationships you foster with all stakeholders, from talent to staffing suppliers and everyone in between? The best, most successful managed services programs (MSPs) enjoy true partnerships between the program team and the staffing suppliers supporting the program’s needs. 

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Topics: Blog, MSP/VMS, Human Resources, Supplier Management