Reduction in direct costs by rationalizing courses
Transparency of training spend
Savings in unbundling content and facilitation
Strategic Sourcing is a flexible and full service differentiated solution that completely manages third party training vendors right from identification and selection, to onboarding, contracting and customer engagement. Our service is based on a fully variable funding model and focuses on performance improvement through the selection and management of best-in-class partners.
The NIIT Advantage
Addressing the total cost of learning
NIIT’s Strategic Sourcing service addresses the Total Cost of Learning (TCL). The easiest way to understand the cost of third-party providers is by examining direct costs, that is, their bill to you. However, we believe that this view fails to capture a full picture of what we call Total Cost of Learning (TCL). Specifically, this approach ignores several categories of cost that are inhibiting our clients from achieving the maximum business value from their investment.
Portfolio and Vendor Rationalization
NIIT helped a large British Oil and Gas company to rationalize its vendor portfolio and spend from 1500 small supplier vendors to 400 limited strategic suppliers. NIIT also helped the company rationalize its Learning Course Portfolio and eliminate redundancies and duplication.
Managing the Total Cost of Training through Efficient Strategic Sourcing
NIIT manages all providers for a leading Oil and Gas company across Europe, APAC and North America. NIIT has setup contracts with key suppliers and identified relationship managers for them. We also helped them solve the challenge of provider cancellations by adding standard cancellation terms with more than 93% of all their suppliers.