A new chemistry for reaching profitability and growth in the chemical industry
When people think about the external workforce, they often refer to contingent staff and purchased services, an area typically covered by legacy technology solutions like MSPs and VMS. But those don’t address a growing problem now: how to handle management duties as more outside workers are being brought into asset-intensive industries to maintain and upgrade plants or build new facilities.
This article will examine in more detail the complexity of contractor labor, its different use cases and a potential path forward for companies looking to gain control over this spend category.
A global chemical company headquartered in North America adopted a worldwide strategy for labor service procurement.
BearingPoint leveraged industry knowledge, functional expertise and IT architecture capabilities to support the company in being more responsive to ongoing business change while enabling a focus on strategic growth initiatives.
Innovation in the Vendor Management space has led many businesses to see tapping third-party software solutions as a means to realize today’s dominant management update: digital transformation. While it is true that acquiring the latest tools will help digitize, automate, and optimize procurement processes, the assumption that vendors can do it all for you is wrong – very wrong.
So how can Procurement succeed with a successful digital transformation?