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
13% of Annual Spend Saved
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
Related Content
Blog
How to Maximize Cost Efficiency Without Compromising Talent Quality
Blog
Magnit Recognized as "Market Leader" in Ardent Partners' 2024 MSP Solution Advisor Report
Case Study
Voice of the Client Series: Intuitive
Case Study
Voice of the Client Series: Toyota
Case Study
Strengthening the Healthcare Workforce: RightSourcing’s Impact on Staffing Efficiency and Cost Savings
Blog
Autumn/Winter 2024 UK Labour Market Report: Essential Insights and Trends to Watch
Report
Magnit - SIA MSP Global Landscape and Differentiators 2024 Report
White Paper
Connecting Beyond Networks: A Strategic Approach to DE&I for Telecom Leaders
Case Study
Voice of the Client Series: ConnectiveRx
Case Study
Revolutionizing Telecom Procurement: Magnit's Strategic Impact on Worker Tracking and Beyond
Solutions Brief
Magnit's Carbon Offsetting Program
Case Study
Magnit Offers Dynamic Temporary Staffing Solution through NEPO Framework
Report
Magnit - SIA MSP Global Landscape and Differentiators 2023 Report
White Paper
Optimizing Contingent Labor: Key Struggles and Opportunities
White Paper
Magnit’s Regulatory Newsletter – Q4 2023: Key Takeaways from the Latest Workforce Legislation
White Paper
Winter 2023-24 U.S. Labor Market Report
Infographics
Winter 2023-24 U.S. Labor Market Snapshot: Key Data Points and Trends
Blog
Why Extended Talent Can Breathe New Life Into the U.S. Semiconductor Industry
Blog
What is an MSP in Staffing?
Infographics
Is Your Managed Service Provider (MSP) Purely Vendor-Neutral?
White Paper
Magnit’s Regulatory Newsletter – Q3 2023: Key Takeaways from the Latest Workforce Legislation
Report
Everest Group CWM/MSP PEAK Matrix 2023: Your Guide to the Industry’s Top MSP Providers
Case Study
Leading Global Corporation Transforms Talent Management with Cutting-edge Magnit Solutions
Blog
Solve Talent Mobility Challenges by Leveraging an MSP
Case Study
ConnectiveRx Achieves Time & Cost Savings With Magnit and Glider AI
Blog
More Than Just a Vendor: Choosing an MSP as a Strategic Partner to Drive Success
White Paper
Next-Level VMS: Orchestrating Total Talent Intelligence
White Paper
Magnit’s Regulatory Newsletter – Q2 2023: Key Takeaways from the Latest Workforce Legislation
White Paper
Spring 2023 U.S. Labor Market Report
Blog
Magnit Achieves Top Overall Score in HRO Today’s 2023 MSP Baker’s Dozen Ratings
Blog
3 Ways an MSP Prepares Your Organization for the Future Workplace
Blog
Talent Intelligence: The Power of Data-Driven Recruitment
Solutions Brief
Reimagine Your Talent Strategy with Skills-Based Advisory Services
Infographics
The Importance of Candidate Experience in Attracting Top Talent
Solutions Brief
Magnit Talent Intelligence
Case Study
Durham County Council Solves Challenges in Social Care
Webinar
How to Use Your Brand to Attract Top Talent
Case Study
Novartis Gains Full Visibility and Access to Contingent Workforce
Blog
Netherlands & Belgium Labour Market Analysis: Contingent Work Already Well Adopted
Blog
Swedish Labour Market Analysis: Vacancies Stagnate
White Paper
Magnit’s Regulatory Newsletter – Q1 2023: Key Takeaways from the Latest Workforce Legislation
Blog
Winter 2023 Europe Labour Market Report: Key Takeaways
Blog
German Labour Market Analysis: Europe’s Powerhouse Rolls On
Infographics
Forrester Total Economic Impact™ Study Infographic: Magnit Platform
White Paper
Winter 2023 Europe Labour Market Report
Infographics
European Labour Market Snapshot: Navigating a Volatile Economic Landscape
Blog
UK & Ireland Labour Market Analysis: A Mixed Picture for Winter 2023
Blog
Borderless Hiring in Europe: A Defining Workplace Trend for 2023
Webinar
2022: A Year in Review
Report
The New Role for the Managed Service Provider (MSP) in Human Capital Management
Blog
Five Tactics to Motivate the Contingent Talent You Need Right Now
White Paper
Magnit’s Regulatory Newsletter – Q4 2022
Webinar
Gain a Competitive Advantage Leveraging New Pay Transparency Best Practices | SIA Webinar
Blog
Top 5 Considerations for Direct Sourcing Readiness
Webinar
Navigating a Challenging External Workforce Market in Nordics & EMEA
Report
Magnit - SIA MSP Global Landscape and Differentiators 2022 Report
Solutions Brief
Transform your Workforce Program with the Leading Vendor-Neutral MSP
Webinar
VMS and MSP Evolution - Is It Enough?
Blog
Hiring Retail Workers This Holiday Season: 2 Things You Should Know
Blog
What Is a Contingent Worker, and Why Should It Matter to Business Leaders?
Blog
Using Data to Build a Business Case for Direct Sourcing
Webinar
Elevating Your Global Talent Strategy with Real-Time Pay Intelligence
Ebook
Data-Driven Strategies to Build a Resilient Workforce in Europe
Blog
Evolve Your Employer Branding Strategy to Attract Candidates and Build Competitive Contingent Talent Clouds
Infographics
Navigating Inflation’s Impact on Sourcing & Retaining Talent: Data Points and Insights
White Paper
Fall 2022 U.S. Labor Market Report
Blog
Why Data, Analytics, and Talent Intelligence Are the Foundation for Contingent Talent Optimization
White Paper
5 Key C-Suite Implications of the Contingent Workforce
Solutions Brief
Magnit Pay Intelligence: Pay Parity
Solutions Brief
Magnit Pay Intelligence
Solutions Brief
Magnit Talent Intelligence: Predictive Analytics
Video
The Evolution of Work with Magnit
Blog
How to Launch and Perfect Your Direct Sourcing Strategy
Blog
Asia-Pacific Region Talent Acquisition and Retention Challenges Underscore the Need for Total Talent Intelligence
Blog
Unlocking Talent Intelligence Data to Scale Your Workforce While Improving ROI
Blog
APAC Talent Markets in 2022: 5 Key Data Insights
Infographics
Leveraging Talent, Intelligence and Analysis to Fuel the Recruiting and Retention of Your Flexible Workforce
Blog
Getting the Green Light and Building a Scalable Framework for Your Direct Sourcing Program
Blog
Build a Resilient Workforce by Elevating the Employee Experience
Webinar
How Talent Intelligence Solutions are Elevating Global Hiring Strategies
Blog
5 Employee Retention Strategies for the Contingent Workforce
White Paper
Making Direct Sourcing Work in Your Organization: Best Practices From Industry Pioneers
Webinar
The Direct Sourcing Forum Summer Webinar
White Paper
The Emerging Backbone of Contingent Workforce Management Success: Talent Intelligence as a Strategic Advantage
Blog
6 Steps for Successfully Direct Sourcing Contingent Labor
Webinar
Transforming Your Contingent Workforce Solutions with Data and AI
Case Study
ServiceNow Decreases Labor Spend by More Than 17.5%
Video
Total Talent Intelligence Overview
Ebook
Preparing for Economic Uncertainty: Resilient Workforce Strategies
White Paper
July 2022 APAC Labor Market Report
Case Study
National Financial Services Company Achieves Quick Contingent Cost Savings and Compliance
Solutions Brief
Contingent Direct Sourcing Solutions: Driving Cost Savings by Leveraging Employer Brand
Webinar
Top 10 Challenges for Expanding your CW Program in Europe
Solutions Brief
5 Direct Sourcing Considerations
Solutions Brief
Contingent Workforce Program Design and Optimization
Case Study
Customized Contingent Workforce Program Creates $25.7M in Cost Savings
Infographics
3 Easy Ways to Leverage Market Rate and Talent Intelligence Data
Solutions Brief
Using Candidate Matching to Help Optimize Sourcing
Solutions Brief
Utilizing Relevant and Timely Market Rates to Competitively Source Talent
Solutions Brief
Optimizing Your Workforce Program Through Contingent Labor Analysis
Infographics
Using Data to Optimize Sourcing Strategy: The Recipe for Success
Infographics
The State of the Remote Workforce
Blog
First 30 Days Is Critical for Contingent Worker Retention
Solutions Brief
Magnit Total Talent Intelligence
Solutions Brief
The Benefits of Transitioning to a Supplier-Funded Model
Podcast
Insights on the Spring 2022 U.S. Labor Market (Podcast)
Report
Ardent Partners 2022 MSP Solution Advisor Report
Blog
Tap Hidden Talent Sources with Contingent Worker Redeployment
Solutions Brief
Why Use a Managed Service Provider and Vendor Management System?
Solutions Brief
Intro to Direct Sourcing: Learn about the benefits it offers organizations
Solutions Brief
The Benefits of Pure Vendor Neutrality
Report
Magnit - SIA MSP Global Landscape and Differentiators 2021 Report
Solutions Brief
Collecting Diversity, Equity & Inclusion Data
Solutions Brief
Using Analytics to Optimize SOW Spend
White Paper
Leveraging the Remote Workforce to Win the War for Talent
Blog
From Five-Star Data to 'Data as Value' for the Contingent Workforce
Blog
UK Gender Pay Gap, Diversity & Representation Commitments
Solutions Brief
The Details of Employing Contractors in the Netherlands
White Paper
Explore the Advantages of Greater Access to Talent, Innovation, Cost Savings & Financial Risk Protection
Infographics
Laying the Groundwork for Direct Sourcing Success
White Paper
Spring 2022 U.S. Labor Market Report
White Paper
Leveraging Five-Star Data to Drive Massive Cost Savings
Blog
The Human Side of Contingent Workforce Five-Star Data & Analytics
Blog
Understanding Contingent Workforce Redeployment
Blog
Charting the Course from Five-Star Data to “Data as Value”
White Paper
Understanding Today’s Holistic Approach to Direct Sourcing
Blog
Data-Driven Transformation of Contingent Workforce Management
Blog
Getting Started on Collecting Diversity Data
White Paper
Magnit's Regulatory Newsletter - February 2022
White Paper
Defining What Matters to the Extended Workforce: Key Drivers for Attracting, Equipping, and Empowering Contingent Labor
White Paper
January 2022 Europe Labor Market Report
Blog
Europe Labor Market Report: January 2022 Key Takeaways & Trends
Blog
Labor Market Report: The Current State of Remote Work
Blog
UK & European Employers Enter Great Remuneration Worker Shortage
Blog
Employers With No Remote or Hybrid Options Missing Out on Candidates
White Paper
November 2021 Labor Market Report
White Paper
PRO Unlimited's Regulatory Newsletter – November 2021
Blog
Report: Searching for a 'New Normal' in the Contingent Labor Market
Blog
Data as a Service (DaaS) & Contingent Workforce Management
Webinar
The Importance of Actionable Business Intelligence
Blog