MSP offerings: Evolution by adoption
MSP offerings have evolved at a fast clip, but the true measure of progress is adoption. What do adoption levels of service offerings say about the market?
Benchmarks: SOW spend through VMS
Despite being a focus area for vendor management system providers as well as CW programs, SOW represents just 16% of reported 2019 VMS spend under management, suggesting that it remains a largely unpenetrated market for VMS.
SOW: Determine where you can add value to your projects
Some steps to get your management of SOW to a mature level where you can begin to remove those blind spots. Build a fence around areas of intended focus.
Aligning perm and contingent data is vital to achieving TTM
Covid-19 has reinvigorated TTM, the holy grail of CW programs. But making perm data accessible and easily matched to contingent labor is critical.
Cost-savings imperative is driving execs to eye SOW
Amid the economic fallout of the pandemic, the C-suite will be looking for areas within their organization to capture more cost savings. The CW program can deliver via a focus on SOW arrangements.
Benchmarks: Global SOW spend exceeds $500 billion
Businesses worldwide spent an estimated $523 billion on statement-of-work projects last year, according to SIA.
SOW in your program’s future? Prep is key
If handled correctly, incorporating statement-of-work management into your CW program can bring significant benefits, including managing costs and risk. But proper planning is critical.
Folding SOW into the CW program: Beyond rogue spend
From efficiency to visibility, incorporating statement of work has great benefits to the program. Here are some organizational drivers that are pushing programs to incorporate SOW.
Today’s MSP: Ruling the buoyant small, midsize market
Growth in the MSP market — representing $141 billion of spend under management in 2018 — slowed to an estimated 8% compared to 12% in 2017, according to SIA research. Despite the slowdown, interest in MSP remains.
CW trends that will continue to impact your program, part 2
In our last issue, we highlighted six trends that have taken CW programs to new heights. Here are five more.
