Services Procurement is Going Mainstream: How to Add SOW Spend to Your Contingent Workforce Program
According to most estimates, Statement of Work-based services are the largest part of many companies extended workforce, yet these services often fall outside their Contingent Workforce (CWM) program. Now all that is changing. Companies that move Services Procurement (also referred to as SOW) spend into their CWM program are seeing a variety of benefits, including better control, regulatory compliance, workforce optimization and more.
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According to most estimates, Statement of Work-based services are the largest part of many companies extended workforce, yet these services often fall outside their Contingent Workforce (CWM) program. Now all that is changing. Companies that move Services Procurement (also referred to as SOW) spend into their CWM program are seeing a variety of benefits, including better control, regulatory compliance, workforce optimization and more.