why is it important?
Whether they are IT, finance, HR, marketing, management consultancy, legal, engineering or or facilities services, your organization is likely becoming increasingly dependent on third-party service providers for its overall success.
Yet few companies consistently realize the best possible value when procuring these services. That’s because too much emphasis is often placed on the cost of their inputs rather than the ROI of their outcomes. Best practice SOW management is rarely about finding lowest cost resources. It’s about engaging them in a way that ensures the right suppliers are used for the right work, their speed to productivity is as fast as possible, and they deliver their contractual obligations within the agreed timeframe and within budget.
Here are four common pitfalls you may encounter:
four common pitfalls
the SOW engagement life cycle.
a holistic procurement workflow
Services Procurement 360 is a holistic procurement workflow that delivers benefits at every stage of the engagement life cycle. This comprehensive SOW management solution supplements your existing processes and offers benefits to all key stakeholders — especially those who have the need and the budget for the SOW services themselves.
pick the services procurement support you need
Every organization has unique support needs across the SOW engagement life cycle, for varying categories and levels of spend. Services Procurement 360 is an adaptable solution that allows you to choose different or multiple combinations of support across each of the 20 steps across the services procurement life cycle, depending on where we can add the most benefit to your current approach.
Services at each step are quick to implement and ready-made with lower-level processes, tools and templates — all underpinned by analytics and technology. Your highly configurable, modular Services Procurement 360 solution will be ready to strengthen existing expertise, close gaps and deliver value right away.
not your typical SOW management
Services Procurement 360 will help you:
it's time to gain a competitive advantage with Services Procurement 360.