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

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Published:  September 21, 2016
Access Level:   Free
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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.

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