Defining VMS
Vendor Management System (VMS) is a sophisticated software platform designed to enable organizations to effectively handle their external workforce. VMS solutions help to refine the processes involved in sourcing, hiring, and managing contingent labor, which includes roles like temporary staff and contractors. By offering a unified system for tracking and assessing these resources, VMS significantly boosts efficiency and compliance for businesses. Businesses utilize VMS capabilities such as Beeline to derive actionable insights from their workforce management strategies.