External Resource Management (XRM)
External Resource Management (XRM) is an initiative designed to deliver process efficiencies by automating the acquisition of contract labor and services.
Benefits of the XRM tool
Using XRM, we (Ericsson and Supplier) will have a more effective management for sourcing and administrating contract labors.
Using the tool provides the following benefits to suppliers:
- Policy administration and efficiency
- Streamlining the process to source and contract qualified external staff
- Standard format for receiving requests and entering responses
- Various search and sort functions
- Improve cycle time from request generation to PO processing
- Reporting and reconciliation of work hours performed
- Administration of payroll
- Supplier invoicing and payment