Revolutionizing Telecom Procurement: Magnit's Strategic Impact on Worker Tracking and Beyond

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Revolutionizing Telecom Procurement: Magnit's Strategic Impact on Worker Tracking and Beyond

Explore how a leading telecommunications powerhouse harnesses the power of Magnit's MSP, Services Procurement, and Resource Tracking solutions to optimize their procurement processes. Dive into the case study for insights into their transformative journey.

$17.7M Cost Savings Achieved
$17.7M Cost Savings Achieved
17,000 Contractors Identified and Evaluated
17,000 Contractors Identified and Evaluated 
2X Increase in Diverse Spend
2X Increase in Diverse Spend 

Get to Know the Organization

As a prominent entity in the telecommunications sector, this company plays a vital role in propelling organizational growth by facilitating seamless connections among individuals, data, and applications.

Business Challenges

  • Evolving System Needs – Transitioning from a third-party VMS to a more flexible and strategic workforce management approach.
  • Enhancing Worker Tracking – Strengthening oversight of non-employees with corporate system access to improve security and compliance.
  • Managing a Global Network – Adapting workforce strategies to effectively support a vast and complex fiber optic infrastructure.
  • Comprehensive Workforce Engagement – Expanding visibility across all worker categories, including contingent and statement of work (SOW) engagements.
  • Optimizing Spend Management – Implementing a centralized approach to track and analyze contingent and professional services spend, unlocking greater efficiency and cost-saving opportunities.

Key Business Outcomes

  • Onboarded and managed 19 SOW suppliers and increased visibility to $14M in budgeted SOW.
  • Achieved total program cost savings of $17.7M.
  • Increased diverse spend from 23% to 67%.
  • Implemented supplier performance surveys, enhancing  process efficiency and analysis.

"Magnit has been a strong partner in managing our contract worker program. They have continually sought feedback from our business stakeholders to improve the program and have curated a strong and diverse group of staffing suppliers. Magnit has been flexible in helping us meet the challenges of our changing business needs."

Manager of Procurement and Supply Chain Systems

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