Overview

IBISWorld’s Vendor Management Software Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Vendor Management Software.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Vendor Management Software - Recent Price Trend

During the three years to 2017, the price of vendor management software has increased an estimated 0.1 percentage points to 2.4% of spend under management, slightly hindering buyers.One of the main reasons for this increase is the increasing input costs. Due to the competitive nature of software, suppliers have been hiring more skilled developers to improve the capabilities and features of their...

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Vendor Management Software - Total Cost of Ownership

The total cost of ownership (TCO) for vendor management software is moderate. However, the cost depends heavily on the method of deployment, with buyers facing different costs for on-premises and online models. A moderate level of TCO reflects the potential for higher costs if the buyer does not carefully examine all additional expenses.On-premises software deployment has a significantly higher...

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About this Report

This report is intended to assist buyers of vendor management software, also known as vendor management system (VMS) software. This software assists buyers in overseeing their temporary workers, including freelancers and those sourced through a staffing agency. The software assists buyers with recruitment and the onboarding and offboarding of these hires, as well as providing budgeting, scheduling, tracking and analytical tools. The software is typically provided online and, in fewer cases, through an in-house model. Suppliers are software developers that either specialize in workforce management or offer more encompassing human resources (HR) and administrative software solutions. This report does not include freeware versions of the software or temporary staffing services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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