Vendor Management Portal | Alchemus Talent Management & Staffing Solution

What happens if your sourcing events are not managed well?

• Your business may miss out on the best suitable vendors.
• Your overall productivity and business efficiency may suffer on account of the very long sourcing cycle time.
• Your business may witness a plummet in cost savings.

Most organizations realize the importance of vendor management, but do not develop a disciplined approach to managing vendors. Instead, they spread vendor management responsibilities and activities throughout their organizations—if they actually manage it at all. (Gartner)

Simplify sourcing and build successful partnerships

Enable Collaboration

Leverage savings and efficiency by enabling whole-of-sector collaboration and integrated access to group sourcing arrangements.

Access Marketplace Sourcing

Make it easy for staff to get best value from vendors , and increase governance and competitive value.

Manage Preferred Vendors

Maximize savings and improve performance of Preferred Vendor Panels, Pre-Qualified and Approved Vendor Lists.

Alchemus VMS solution helps you manage vendor relationships and track  their performance. It allows you to keep track of contracts details such as Terms and Conditions, billing frequencies, overtime and expense rules for each vendor that agrees to do business with organization. Even if you’re a small business, chances are services from a multitude of vendors. While some vendors may be inconsequential to your company, others are undoubtedly critical to your company’s operations and ultimate success. By assessing vendor risk you can plan mitigate risk

As vendors respond to the jobs, you can enter their responses into their “scorecard.” The responses can then be viewed “by item” (to see which vendor performs best for a given job) or “by vendor”, to easily see who’s the highest-scoring and quality candidates.

Alchemus allows you to be proactive in contracts renewals and helps  streamline your business process. Approvals and workflow can be customized as per your organization needs.

Alchemus VMS Software Features

Requisition Management

Requisition Processing, part of Alchemus suite helps organizations to drive you to engage with right vendors at right price and through the right method., thus establishing a well-defined sourcing process and an effective safeguard against maverick spending. It streamlines the process of procuring and managing flexible labour. We offer functionality to search, identify, track and manage workforce with ease.

• You can decide which vendors to work with based on performance
• Centralized access to your network of vendors that successfully vet and identify quality candidates
• The customizable decision wizard guides mangers to select the right type of resource.
• KPIs and SLAs that help demonstrate quality in the talent sourced by your program

Manage Work Orders

Organizations often engage in project-based work that is billed by deliverables, milestones, schedules or fees such as Statement of Work (SOW) projects, consultants, offshore or outsourced vendor programs.

Depending on type of services required , Work orders can be for contingent labour , on a fixed price or by a milestone or deliverable, the hours can still be tracked and billed. Alchemus VMS fully supports labor-based indirect spend using any of the following payment schemes:

• Milestone-based payments
• Deliverables-based payments
• Unit-based payments
• Time-and-expense based deliverables
• Progress payments
• Fixed fee
• Single fee
• Recurring fee

Alchemus VMS automation free up your time to spend on strategic decision-making and optimization, rather than on day-to-day tactical tasks helping you leverage your contingent workforce for maximum competitive advantage

Benefits of Alchemus VMS Solution

Alchemus improves the processes of engaging, managing, paying and reporting on the entire spectrum of contingent workers and services throughout the procurement lifecycle. Our VMS technology delivers a wide variety of efficiencies including: