Achieving Global Program Centralization and Efficiency in the Life Sciences Industry

Before engaging Guidant Global, the life sciences company faced several challenges in managing their contingent workforce program:
 
1. Disparate Processes and Limited Global Headcount Visibility: The company operated a self-managed program that lacked standardized processes, resulting in a fragmented approach. The absence of centralized data made it difficult to track and manage the global headcount effectively.
 
2. Inadequate Program Governance: The program suffered from a lack of governance, which led to issues in rate and cost management, supply chain practices, and contract compliance. This absence of oversight increased risks and hindered overall efficiency.
 
3. Compliance and Risk Mitigation Gaps: The company lacked robust compliance measures, risk mitigation strategies, and standard operating procedures, exposing the organization to unnecessary risks and potential non-compliance.
 
4. Limited VMS Functionality and Administration: The existing talent program did not have the full functionality of a Vendor Management System (VMS), limiting its potential for growth and return on investment (ROI).