Do It for Me vs. Do It Yourself…Should you Consider Outsourcing Vendor Management
Publisher: Limitless Cost Reduction Specialists
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As businesses continue to grow and incur higher operational costs, there is an increasing need to optimize efficiency and cut costs. With a pandemic threatening available manpower and extending project hours, companies are considering outsourced solution providers to better manage vendor relationships and document management services. When it comes to vendor management, the old DiY approach, combined with a simple Software as a Service (SaaS) solution leaves much to be desired. It is quickly being replaced with a model referred to as “Software WITH a Service (SwaS),” also known as the “Do It for Me (DIFM)” approach. DiFM cuts out extraneous processes and enables businesses to focus on their real priorities, while the provider of vendor management solutions takes care of the rest.
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