Common Elements Used to Understand VMS

VMS (vendor managed services)

Provides a single point of contact for an enterprise for their services needs. A VMS provider can route approved service requests to multiple staffing services suppliers for fulfillment and then manage the work order, time reporting, and invoice settlement processes for those service companies.

Third Party Supplier

The service provider who performs the service works for a third party supplier.

Fully Loaded Rates

Includes both the supplier rate and the VMS markup rate.