Reduce Unmanaged SpendVendor provided training is perhaps the largest unmanaged spend within the training function. You need a partner who can rationalize your entire learning investment for greater ROI.
NIIT’s Strategic Sourcing service addresses the entire lifecycle of vendor provided training. Our clients receive cost reduction, access to a leading collection of learning providers and a full suite of support services including selection, measurement, and knowledge management. Whether internal or external, your budget for learning is an investment; our approach, processes & technology ensure that our clients get the highest returns for that investment.
In our approach, NIIT does not own any content - we utilize third-party providers. The best solution is identified rather than our content being “pushed” to the client, preventing bias or a conflict of interest. Third party training providers won’t be reluctant to participate as they won’t see competitive barriers with a neutral provider.
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.
Metrics and Reporting
The NIIT Advantage
Addressing the total cost of learningNIIT’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.
- Training tightly linked to business
- Reduce time spent in training to increase productivity
- Rationalize curricula and vendors
- Reduce total cost of learning
- Rationalize courses, vendors, participation, and delivery mode
- Eliminate internal staffing requirements and reduce process costs
- Unbundle content & facilitation
- Eliminate scrap
- Make vs. buy