FORT LAUDERDALE, Fla., Oct. 19 /PRNewswire/ -- SourceRight Solutions today announced details of SupplierEdge, a new service delivery innovation for managed service program (MSP) clients. Designed to help clients improve the management of their contingent workforce programs by streamlining order processing and supplier management across the entire procurement lifecycle, SupplierEdge was officially unveiled at Staffing Industry Analysts' 2010 CWS Summit in Denver, Colo.
The number of contingent workers is expected to double and the rates for high demand skilled positions, such as IT, are increasing at rates up to 40 percent. As a result, SourceRight Solutions recognized the need to create a supplier management program that would increase client access to leading edge suppliers while reducing the cost and inherent compliance risks associated with large contingent workforce programs.
SourceRight Solutions' managed services programs deliver customized contingent workforce offerings that are complimented by a rich bench of vendor management system (VMS) technology experts. The company's investment in the industry's leading VMS technologies improves access to suppliers, while streamlining the procurement of contingent talent. The SupplierEdge preferred network consists of 250 suppliers providing services in the U.S., Canada and Puerto Rico and provides coverage across an additional 27 countries through SourceRight's WorldSource global alliance with Hays plc. With SupplierEdge, MSP clients are ensured of measurable return on their investments in the form of cost savings and cost avoidance, policy controls, process efficiencies and critical fill metrics.
SupplierEdge features access to Women and Minority (WBE) owned business suppliers to support attainment of diversity goals as well as a comprehensive supplier scorecard that can be used to measure key performance indicators spanning across all suppliers. Other measurable benefits of SupplierEdge include regularly scheduled program audits that ensure supplier costs are in-line with market rates.
Rebecca Callahan, president of SourceRight Solutions, said, "Our clients' successes are our successes. We've helped organizations reduce costs, attain supplier rebates, improve visibility into workforce metrics and increase client satisfaction scores. SupplierEdge is another in the series of innovations for which SourceRight Solutions is known and an example of our commitment to supporting our clients' business objectives."
About SourceRight Solutions
SourceRight Solutions manages outsourced talent acquisition functions, whether for full-time, contingent or contract staff. Building upon our 60-year heritage in recruitment and staffing innovations, our solutions provide the workforce insight needed to drive strategic talent decisions by leveraging embedded technologies, a scalable global service model and the best recruitment talent in the industry today.
SourceRight Solutions specializes in improving and managing workforce-related processes through a comprehensive spectrum of offerings that can be deployed singularly or in combination and include: Strategic Talent Optimization, our integrated approach to managing flexible, alternative workforce strategies; Recruitment Process Outsourcing for improved speed and quality of full-time hires; Contingent Workforce Services that enhance the acquisition and management of "free agent" contractors and consultants while mitigating associated risk; and, Managed Services Programs to improve the procurement of an organization's contingent workforce, increasing quality while reducing supplier costs.
SourceRight Solutions is a division of SFN Group, Inc. SFN operates a family of specialty businesses providing strategic workforce solutions in professional services and general staffing.
To learn more, please visit www.sourcerightsolutions.com.
Note to editors: Trademarks and registered trademarks remain the property of their respective owners.
SOURCE SourceRight Solutions