The Rise of SOW Spending and a Look at the Technology Needed to Support It – Certified Fresh Research

The vendor management system (VMS) has come a long way in a short period of time, but many procurement organizations are still evolving from simple use of a VMS to managing staffing firms and contractors and leveraging the same technology to actively manage and influence more general services procurement spend.

Writes Jason Busch, founder and head of strategy at Spend Matters: "This involves individual project-based contracting arrangements and other outsourcing and services agreements. Statement of Work (SOW) spend can range from tactical services vendors (like those providing facilities support and maintenance) to highly strategic agreements with 'partner' suppliers (such as consultancies or outsourcing vendors) and everything in-between."

Read all about it in this complimentary research brief, A Simplified Look at the Rise of SOW Spending and Understanding the Technology Necessary to Support It.

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