 | Statement of work (SOW) procurement accounted for $1.8 trillion spent on professional services in the U.S. alone in 2017, about 65% of all non-permanent labor buys. Globally, the figure is much larger. Are you missing out on managing one of the biggest human capital costs for your company in these challenging times? What is SOW? Statement of work contractors are hired and paid to deliver specific outcomes and milestones. As a result, managing the suppliers that provide these arrangements can be especially complex, depending on the type of contract and the deliverables. How can I save more with SOW management? 46% of companies are exploring ways to include SOW service procurement into their managed services programs (MSP) for contingent workers to achieve cost savings along with better program transparency and spend controls. Download the white paper “Managing service provider spend: a practical approach to SOW talent management” to learn:
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