Vendor 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.
Reduction in Direct Costs
Savings in Unbundling Content and Facilitation
Strong Global Supplier Network
Transparency of Training Spend
At NIIT, we have always believed that it’s not about training. It’s about results. That’s why our managed training services have clear and tangible outcomes you can expect. As a true partner, we help you maximize the efficiency and effectiveness of your third-party learning ecosystem.
Find out how our strategic sourcing services enabled an oil and gas leader to centralize and optimize the number of L&D vendors for external and third-party training while rationalizing the portfolio and improving process efficiency at reduced costs.
NIIT’s consultative approach to strategic sourcing and vendor management has resulted in a consistent and standardized approach to vendor management uncovering hidden costs and introducing performance improvement and operational efficiency in the very first year of operation.
NIIT is the comprehensive strategic sourcing and vendor management provider for one of the world’s largest consumer packaged goods companies and has helped them save over 24% in costs through operational efficiencies covering over 100,000 learners in 100 countries.
NIIT is the comprehensive strategic sourcing and vendor management provider for one of the world’s largest oil and gas companies leading to a 10-12% reduction in annual costs and 100% spend visibility.
If you are evaluating your investment in third party training based on what you are billed by third-party providers, you may be overlooking several categories of hidden cost that make up the Total Cost of Learning.
Organizations may be spending much more on training than what external suppliers account for. At NIIT, we account for these hidden or unaccounted costs to address what we call – the Total Cost of Learning (TCL).
Ensuring that learning portfolios are relevant, linked to the business, and deemed effective and efficient requires organizations to engage in a learning portfolio transformation exercise.
What is the impact of a transformative approach to Strategic Sourcing on direct and indirect costs and potential savings that can be expected?