As contingent workforce continues to go mainstream, it is becoming increasingly important to identify efficient means of procuring services through Statements of Work (SOW). Services procurement spend can take different shapes and forms, and often enterprises struggle to efficiently procure and manage this complex spend. This paper explores how using the right set of technology tools, especially the right data and analytics, is vital for effective services procurement, as it helps combine talent-related aspects with procurement best practices.
Scope
Theme: role of data and analytics in services procurement management
Area: contingent workforce management
All industries and geographies
Contents
In this paper, we:
Explain services procurement and differentiate it from other procurement spend categories
Elaborate on how data can mitigate challenges with respect to services procurement management
Highlight the challenges associated with services procurement management and provide solutions to address these challenges
The global Contingent Workforce Management (CWM) market is rapidly growing and transforming as buyers demand more services from providers. In addition to employing traditional temporary labor, buyers are relying on third-party providers to manage…
