Data & Analytics – Foundational Pillars of Efficient Services Procurement Management

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.