Right Sourcing
NASA relied on thousands of contractor vendors to build, operate, and land Apollo 11 on the moon. Can you imagine the scope of that vendor evaluation?
While not quite as complex as going to the moon, right sourcing (helping clients team up with the right vendor partners to meet their needs) in the Employee Benefits world is no walk in the park. By knowing the strengths and weaknesses of all relevant vendors, we help clients right source vendors to meet their long term needs.
| Right Sourcing Evaluation Criteria | Right Sourcing Vendor Functions |
| Operational and creative strengths | Third Party Administrators |
| Corporate ownership philosophy | Insurance Companies |
| Management and leadership savvy | Health and Wellness Management |
| Efficiency and effectiveness | Preferred Providers and their Networks |
| Dedication high quality customer service | Pharmaceutical Benefit Managers |
| Outsource or In-source? * | Employee Communications |
| Ability to tailor and provide custom services | Government Mandate Compliance |
* The best option to maximize value and employee satisfaction may well be to in-source. Evaluating your internal strengths and weaknesses is an integral of part of the right sourcing evaluation process leading to Denman’s recommendations.