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VMS – Vendor Management System
A technology, usually web or cloud-based, used to administer the engagement process for non-employed workers and resources from requisition to sourcing, onboarding, time sheeting and invoicing. Read more about our vendor management technology.
Vendor neutral
This is a model that sees a workforce solutions provider deliver their service using an agreed list of recruitment / staffing suppliers (vendors) to source relevant candidates. The presumed advantage versus a master vendor model is that the best supplier with the best candidate will fill each position. The term is sometimes used to refer to an independent service provider that is completely autonomous from any recruitment / staffing companies. Learn about our vendor neutral model.
Vendor tiering
This is where suppliers / vendors are invited to fill positions in a well-defined order. This is often with time triggers. For example, a temporary vacancy will go to Tier 1 vendors first, and then to Tier 2 vendors if not filled within a certain time period.