Magnit Services Procurement is a turnkey and modular solution set that includes a fit-for-purpose VMS technology platform backed by a unique analytics data universe with best-in-class service delivery.
Client Benefits
Magnit is the only vendor who offers a complete Services Procurement turnkey solution set as a one stop shop. We not only provide robust services, but clients who employ labor via SOW can leverage a fit-for-purpose Services Procurement VMS technology and the world’s largest proprietary procurement data universe.
15%+ Cost
Savings
Identify projects with the most cost savings and optimization potential then capture those savings with automation and real time intelligence.
75% Decrease in Ramp Time
Drive successful business outcomes and compliance at a project and aggregated level based on procurement process best practices and continuous improvement.
25%+ Spend Reclassified
Obtain actionable procurement analytics, reporting and insights related to best-in class-strategic sourcing solutions and SOW construction.
SIA Positions Magnit as Overall VMS Leader in 2024 Report
Magnit attained perfect scores for statement of work sourcing and SOW creation capabilities.
Optimize Visibility and Achieve Operational Excellence
Services Procurement Consultancy
Leverage a strategic advisory service which helps you achieve better business outcomes through identification of cost savings and best in class SOW construction. We provide:
- Actionable insights to deliver on-budget and on-time SOW projects
- Benchmarking via our unique, proprietary pay intelligence data universe
- Customized reporting, outlining key business trends and opportunities
Source and Procure-to-Pay
Utilize our full scope, modular services to fit your particular needs. We provide:
- Opportunities to capture savings with sophisticated category sourcing
- Milestone, deliverable and SLA tracking to improve overall vendor performance
- Risk mitigation and compliance for full contract management lifecycle
Services Procurement VMS
Obtain project visibility, enhance project performance, and increase ROI with Magnit's fit-for-purpose SOW technology. We provide:
- Decreased time for project setup and execution
- Workflow-approved purchases, POs, and account codes to ensure compliance
- Automation to capture savings via highly configurable omni-channel experience
Services Procurement Analytics
Leverage our unique, proprietary data universe to benchmark against in order to improve business outcomes and generate cost savings. We provide:
- Complete financial and operational visibility into program performance
- Cost savings by leveraging real time pay intel in sourcing and change orders
- Seamless integrations with multiple VMS solutions
Extended Visibility for Your Workforce
Procurement
Access global insights including hiring intelligence data to identify and source top talent at scale.
HR
Utilize real-time global market rate data to maximize cost-savings and benchmark DE&I goals.
Staffing
Optimize recruiting strategies by discovering and accurately pricing talent anywhere in the world.
The Magnit Services Procurement Advantage
$7B
Spend Under Management
100+
Services Procurement Clients
1,000+
Services Procurement Suppliers Managed