Novartis Gains Full Visibility and Access to Contingent Workforce

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Novartis Gains Full Visibility and Access to Contingent Workforce

Novartis required a comprehensive assessment of its contingent management program to provide in-depth analytics, improve performance and reduce costs. The company partnered with Magnit to enable the program to operate more efficiently, save costs and resources and optimize the business to realize its goals. Read the case study to learn how Magnit MSP, Direct Sourcing helped Novartis achieve the organization's goals.

50% of Total Spend Through Diverse Suppliers
50% of Total Spend Through Diverse Suppliers
13% of Annual Spend Saved
13% of Annual Spend Saved
2% Bill Reduction Realized After 6 Months
2% Bill Reduction Realized After 6 Months 

Get to Know Novartis  

Novartis is a global healthcare company based in Switzerland that provides solutions to address the evolving needs of patients worldwide. Novartis discovers and develops breakthrough treatments and finds new ways to deliver them to as many people as possible. The organization reimagines medicine to improve and extend people’s lives through innovative science and technology to address society’s most challenging healthcare issues. 

Business Challenges

  • Optimizing Workforce Management – Needed better analytics, performance, and cost control.
  • Enhancing Collaboration – Sought stronger alignment with sourcing and suppliers.
  • Managing High-Volume Applications – Required a better system for internship candidate selection.
  • Streamlining Hiring – Managers spent too much time reviewing resumes.
  • Improving Efficiency – Aimed to save costs and optimize resources.

Key Business Outcomes

  • $239M Total Cost Savings
  • 187,000 job titles analyzed since 2017
  • Supplier diversity spend doubled since 2018
  • 93% Manager Satisfaction Rate
  • 94% Supplier Satisfaction Rate

"We realized that with Magnit, given their proven pharmaceutical experience, we could implement a purely-vendor neutral VMS and MSP program, providing us the optimal way to realize our goals at Novartis."

Sr. Procurement Manager, External Workforce at Novartis

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