Downloads: Procurement Research

A Simplified Look at the Rise of SOW Spending and Understanding the Technology Necessary to Support It

The humble vendor management system (VMS) has come a long way. Yet many procurement organizations still find themselves in the midst of an evolution — from using a VMS to manage staffing firms and contractors to leveraging this same technology to actively manage and influence broader services procurement spend. 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. Most organizations’ SOW/services procurement management is at a very early stage of maturity, but leading organizations will achieve significant advantages by moving up the maturity curve through tactical and onto strategic management SOW services. This is a big shift — and it’s one we should not take lightly. Download this paper to learn more.

Why Oil and Gas (O&G) Companies Need a VMS: Visibility, Flexibility and Control

Spend Matters - Research Download
In the oil & gas (O&G) industry, extreme flexibility is more than an imperative — it is a necessity. Without it, operators and thousands of other firms that make up the industry could face reduced valuations or bankruptcy (as we are seeing now, with the price of crude oil dropping below $30 a barrel). As in other downturns, the industry has responded by drastically reducing operating cost structures and suspending many capital projects. Workforce is not only an enormous cost in O&G companies, it is also the most fungible. Download this paper to learn more about why a VMS is essential for industries like O&G.

9 Things Contingent Workforce Procurement Can Do to Prepare For Online Talent Platforms

Spend Matters - Free Research Download
The use of Work intermediation platforms (WIPs), has grown rapidly over the last 10 years. According to Spend Matters analysts, the number of WIPs worldwide grew to nearly 300 platforms in mid-2015 from just 25 in 2005. Despite this growth however, they have not yet become a real part of enterprise contingent workforce sourcing and more traditional buying programs. Given the enormous opportunities these platforms present for businesses, ignoring their increasing presence could be a major mistake. You’ll need to not only become an expert yourself on this segment, but also explain to and collaborate with your managers and end users to realize these opportunities.

Procurement Technology and Services

Spend Matters Video Content - Webinar Replay
While there isn't a mobile app just yet for matching your organization with the most attractive and appropriate technology fit, we think we have a solution. Jason Busch, founder and head of strategy at Spend Matters, joined Beeline to discuss the good (and bad) of the ever-growing procurement technology and services spectrum.

Sourcing VMS and Services Procurement Technology: Don’t Do This!

This Spend Matters research download provides a recommended approach to sourcing MSP, VMS and related technologies and services in a manner that will result in the most comprehensive set of options for procurement organizations, including purchasing a “bundled solution,” which may or may not be best, depending on requirements. We offer both foundational and more advanced sourcing approaches depending on procurement sophistication and relative services spend sophistication. In this first installment, we begin by exploring some of the challenges associated with relying solely on an MSP to make technology decisions for a client.

Total Talent Management and the Contingent Workforce Paradox

Spend Matters - Free Research Download
Organisations realize they must consider the contingent workforce similarly to how they manage internal staff — in the search for talent, in managing performance and even in retention or exit. At the same time, the contingent workforce is different, and thus requires different processes and management, from the permanent group. The current regulatory environment, while not the only driver, means that governments will increasingly require careful management of the contingent workforce if organisations are to stay within the law and avoid reputational and financial risk.