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

$17.7M Cost Savings Achieved

17,000 Contractors Identified and Evaluated

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.

Download Case Study