Master Vendors are the point of contact for the customer. By centrally managing the hiring process and by strategically using multiple suppliers you can offer maximum supply reliability.
Managing multiple suppliers takes a lot of time; preselecting proposed candidates, processing timesheets and consolidating invoices are all substantial processes. Furthermore, responsibility for compliance lies with the Master Vendor while proactively predicting and fulfilling sourcing needs lie with the customer. Despite the great responsibility, Master Vendor’s margins are often squeezed.
Effective and efficient management of a Master Vendor simply using Excel sheets is impossible. The combination of the services provision with a vendor management system that specifically supports master vendors makes it a unique proposition to the customer. This leads to the following advantages: