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Indirect Service Procurement and VMS Technology: The Final Frontier? Art of Procurement / Palambridge Philip Ideson Founder DCR Workforce Daniel Weinfurter Chief Growth Officer

Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

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Page 1: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

Indirect Service Procurement and VMS Technology:

The Final Frontier?

Art of Procurement / Palambridge

Philip IdesonFounder

DCR Workforce

Daniel WeinfurterChief Growth Officer

Page 2: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

SIG Summit

March 2018

Page 3: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

DCR Workforce is a relentless juggernaut of innovation pushing the boundaries of the Vendor

Management System (VMS) industry. Smart Track is DCR’s award-winning cloud-based VMS.

This technology provides a unified approach toward managing all aspects of non-employee

engagement and global services procurement.

• Over 150 clients across multiple verticals

• More than 400 employees supporting clients in 70 countries, in 34 currencies and 16 languages

• Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017

report, with top scores in technology, globalization, and integration, and the highest score in

project-based/SOW services and business/outsourcing services criteria

• DCR has been the recipient of various awards, including SIIA CODiEs and Stevie American Business

Awards, as well as been named as a provider to know in Spend Matter’s 50/50 List

“A power shift, driven by business practice innovations using the internet, cloud, predictive data analytics and

mobile-first has expanded choices for customers. Now customers are paying more attention to the opinions of other

customers than to the reputation of long-established incumbents who may have been market leaders. DCR is a

company to watch for its innovation.”

~John Sculley, Board Member SIG and former CEO of Apple

Page 4: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

TECHNOLOGY AND THE ADVANCES IN AUTOMATING

PROCUREMENT PROCESSES

SaaSEase of

integration

Mobile

functionality

Machine

learning and

Artificial

Intelligence

Page 5: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

WHY GOODS AND SERVICES PROCUREMENT ARE

DIFFERENT

Goods can be catalogued Services are too dynamic

They have a skew

Products can be standardized

and commoditized

Once selected the product will

be the same when reordered

or shared

No deliverable

No two people are the same and services are provided by people

Same task can be handled different ways – even the same job is

different based on the person doing it

Highly subjective and difficult to categorize to commoditize

Highly subjective and dependent on the final deliverables

Page 6: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

THE REASON IS IT A DIFFICULT CATEGORY TO ADD TO

YOUR EXISTING TECHNOLOGY

The Added Functional Requirements

Most Procurement platforms do not account for the variables in service

• Travel and locations

• Security and risk

• Labor laws and regulations

• Credentialing

• Levels of expertise

Complexity of Reporting

• Cost is only one factor

• Time to begin project and time to delivery is variable and interdependent

• Providers need to be monitored and managed in order to achieve performance

Page 7: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

THE BENEFITS OF AUTOMATING SERVICES SPEND

(OPTIONAL SLIDE)

Efficiency

Tracking

performance

Consistency

Sharing

known

resources

Reporting and

Analytics

Ease of

Payment

Page 8: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

WHAT SHOULD BE INCLUDED IN A PLATFORM’S

FUNCTIONALITY?

No separate modules for

Contingent and SOW

▪ Keep tracking separate but merge data because there are overlaps

▪ All separate apps need to integrate

▪ No advantage to have a corporate affiliation with the other platforms if they can

integrate

Diverse categories

▪ Contract Labor

▪ Projects works assigned to an SOW

▪ Outsourced work

▪ Large contracted deliverables

▪ Interns to volunteers

▪ Recall people from the past and alumni

Mobile and other features

of the architecture

▪ Do the ordering and tracking where ever you are

▪ Learn from prior behavior

▪ Track and archive important data and contracts

Tracking milestone and

deliverable to release

payment

▪ Payments linked to approvers and payment systems

Integration with major

systems and micro apps

▪ Timekeeping, A/P, HRIS

▪ Social networks

▪ Contract standardization

Provider vetting

▪ Consistent contract terms and complimentary skills

▪ Broad coverage without competing

▪ Build off relationships with users

Page 9: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

LEARN FROM THE EARLY ADOPTERS?

• How do you handle SOW spend today

• Contingent Workforce Management as an entry point

• Small service providers – on-site

• Large Service Providers – off-shore

Page 10: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

Evaluation How-to:

▪ Your feedback drives SIG

Event content

▪ By signing and submitting

your evaluation, you are

automatically entered into

a prize drawing

Why?

From the App

1. Select Sessions

2. Select Day

3. Select Session S11

4. Click on Clipboard Icon

How?

COMPLETE &

SUBMIT EVAL

Page 11: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

Session # 11

Compass Rose Advisory

Jay Lash

[email protected]

Art of Procurement / Palambridge

Philip Ideson

[email protected]

DCR Workforce

Daniel Weinfurter

[email protected]

Tweet: #SIGspring18

Download the App: sig.org/app

Indirect Service Procurement and VMS

Technology: The Final Frontier?

Page 12: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,
Page 13: Indirect Service Procurement and VMS Technology · Smart Track VMS was named a leader in The Forrester WaveTM: Service Procurement Q1 2017 report, with top scores in technology, globalization,

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