On the Horizon
Will the VMS as we know it survive?
By Jason Ezratty
Human resources are the most valuable resources your company has. It has been drilled into our heads so many times we've taken to drilling it into the heads of others. We also promote the idea that contingent workers are now critical to strategy, growing in quantity and importance. How, therefore, have enterprise resource planning (ERP) software giants completely missed the emergence of contingent resources over the past decade?
Indeed, the likes of SAP, Oracle, PeopleSoft, and Ariba each appeared as potential category killers. However, they seemed to disappear as quickly as they entered -- and sometimes repeatedly so. To the credit of native VMS market leaders, it appears to be because they just don't appreciate the nuances of contingent labor. For the amount of revenue at stake, contingent workforce management solutions require a lot of work from specialized and experienced personnel. Along with ERP contestants, the competitive landscape of VMS software and services is rich with diversity, with sizable foes threatening to enter the contingent workforce management technology arena. ...