Contractor Management

What is the Return on Investment (ROI)?

Calculating a return on investment (ROI) or proving the “economic value” of a purchase is the foundation of any sound business investment. The return on some purchase decisions is so obvious that when the costs are weighed against the potential benefits, there is a collective exclamation of“Why didn’t we do this before?” Other situations, and most purchasing decisions, are less clear-cut.

With contractor and supplier prequalification and management, you’re balancing the potential of catastrophic risk with both direct and indirect costs. So how do you effectively and responsibly evaluate an investment in contractor management to derive the best outcome for your organization?

This recorded webinar outlines a process for assessing the economic value of investing in contractor compliance management. We will outline the business conditions that make contractor management an imperative for many businesses, including the expected costs associated with effective management. Next, we will consider the potential direct and indirect costs of “doing nothing;” that is, deciding against an investment in contractor management. Finally, we’ll explore the process of outsourcing compliance management to a vendor who offers a complete contractor management solution.

Key Takeaways:

  1. Assessing the economic value of investing in contractor compliance management solution
  2. Real numbers and calculations to determine the ROI of a Contractor Management Program
  3. The expected costs associated with effective compliance management
  4. The potential direct and indirect costs of “doing nothing”
  5. The costs and potential savings outsourcing compliance management to a vendor who offers a complete contractor management solution

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PRESENTERS

Aaron Rudd

Aaron Rudd

Vice President of Business and Product Development, BROWZ

Aaron is Vice President of Product Development and Safety Management. With more than 15 years of experience, including a leadership role at BROWZ since 2003, Aaron has supported some of our earliest clients. He is perfectly positioned to lead the Product Development & Safety Management function for BROWZ.

In this role, Aaron’s team has successfully launched many new solutions driven by our client’s evolving needs, including all aspects of workforce management, the financial stability indicator, and improved user experience. His team is also responsible for expansion of BROWZ Sure Audit, which includes Safety Program and Management System Audits.

Brett Armstrong

Brett Armstrong

Vice President of Marketing, BROWZ

Brett Armstrong is Vice President at BROWZ. He's been with BROWZ for over ten years, and he's had experienced managing teams that have supported the world's leading organizations, during the implementation and ongoing management of supply chain qualification programs.

Earlier at BROWZ, Brett led the operations team for more than 7 years, this experience provides him today with the foundation and understanding necessary to support the communication needs of our clients and contractors.

Derek Borgert

Derek Borgert

Vice President, Chief Technology Officer, BROWZ

Derek Borgert is Chief Technology Officer and Vice President of Operations. With more than 15 years of experience in business and technology leadership roles, Derek is responsible for BROWZ technology and operations, including software development, infrastructure security as well as the operations team that supports contractors and suppliers.

Derek’s leadership in both technology and operational support gives him valuable insight into what’s needed to run a highly effective contractor management program. 

UPCOMING WEBINARS

Join Us

Thursday April 25, 2019

1:00 PM ET / 11:00 AM MT

UP NEXT:

How to Evaluate the Safety Performance of Contractors Using Lagging & Leading Indicators

This webinar takes place on

Thursday April 25, 2019

1:00 PM ET / 11:00 AM MT

Joint responsibility is the new normal for managing safety between employers and the contractors they hire. Any contractor, subcontractor, or vendor that comes on your site is now part of your risk profile. How do you manage this risk and desire for contractor continuous process improvement?

Progressive companies know they cannot limit their supply chain safety assessment focus to compliance alone. Contractors and suppliers that are compliant on paper still experience employee injury, leadership challenges, production errors and near miss events. Thought-leading organizations such as the National Safety Council are challenging industry to 'Move the Curve', and go beyond compliance – to look deeper into safety management systems and company safety culture.

Join us for a webinar discussing using both lagging and leading indicators to evaluate the safety performance of contractors. We will be discussing how to track a contractor's safety statistics and OSHA/MSHA violations, auditing safety programs, and also performing safety management systems assessments.

Key Topics

  • Why evaluate safety performance of contractors
  • What information to look at to track safety
  • How to interpret the safety data
  • How to manage the data
  • Auditing safety programs and safety manuals
  • Performing safety management system assessments

PRESENTERS

Dennis  Robinson

Dennis Robinson

Business Development Specialist

Dennis Robinson has been in the supply chain industry for more than 10 years. Before his current role, Dennis managed the assessment specialist team responsible for the validation of all contractor documentation. His experience provides him with firsthand knowledge of the details and documentation organizations rely on to ensure they are working with safe, responsible contractors.

Laurie Knape

Laurie Knape

ASP, CSP, CLCS, HSE Professional

Laurie has over 20 years of HSE experience. She is a CSP, ASP, CLSC. She is the regulatory chair for the Gulf Coast Safety and Training Group, chairperson for Safe Gulf, chairperson for API RP T8, member for API RP 75, member of ASSP for 13 years. Laurie attended the Univ of CT for HSE, Columbia Southern Univ for Science and Business.

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