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SERVICES PROCUREMENT (SOW)

 

 

Get more from your spend on outsourced work with Services Procurement support

Organisations are searching for better value and project outcomes from work completed externally, which is often referred to as ‘indirect spend’ and considered more challenging to manage effectively.

For these companies, outsourcing to third-party service providers normally means losing control over who is doing the work and how, which can cause issues with performance, spend, and, critically, compliance too.

At Hays, we help organisations simplify and strengthen their processes, and we provide access to real-time data and insights for quicker, more informed decision-making and future planning.

With the technology and guidance to get you more visibility and control over your outsourced operations, greater performance and cost savings will follow.

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More control, better decisions

Partnering with your procurement function, we’ll get you faster access to essential resources and expertise while reducing the administrative burden placed on project managers. We’ll equip you with a wealth of insights to analyse performance and optimise the selection of suppliers and what they deliver.
 
Better Services Procurement results, at lower costs.
 
 

Consistent Services Procurement success

Whether employed through an MSP, SOW or any other Services Procurement contract, we’ll ensure the best project outcomes are achieved, and your providers are tracked and managed efficiently and compliantly.
 
But with top talent in higher demand than ever, you also need to think about how you’ll secure skills to meet future needs. We’ll enhance partnerships, grounded in timely payments, realistic timelines and clear communication to make your company the client of choice.
 
We’ll also help to ensure a more business centric view of planned and future expenditure and requirements thanks to improved tracking and stakeholder alignment.

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Services procurement page FAQs

Read our frequently asked questions about Services Procurement

What is Services Procurement?

Services Procurement is when a company hires a third-party service provider, like an IT company, to complete whole tasks or projects for them externally. Whichever kind of professional services procurement it is, be it IT services procurement, legal services procurement, marketing services procurement or any other, it’s a more streamlined approach to getting work done compared to companies sourcing and managing external workers themselves, or through staffing & recruitment agencies. 

What is a Statement of Work (SOW?)

A Statement of Work (SOW) is a Services Procurement contract that specifies the project's activities, costs, deliverables, and deadlines. It is used to hire service providers and ensures a clear and effective working relationship between both parties.

To clarify, you buy the services covered by the SOW, not the SOW itself.

What is good Services Procurement software?

The most important Services Procurement software is a Vendor Management System (VMS), which centralises all service provider-related activities and makes it straightforward to handle multiple providers and contracts effectively. Crucially, a VMS supports compliance with critical legislation and provides real-time visibility into spend, provider performance and contract status.

Through consultation with a partner like Hays, you can determine which VMS is best for your business and get the support to implement and operate it. Or, the support to optimise your current system for better results. For more on Services Procurement, SOW and VMS best practices, consult our free guide.

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You bring the opportunities, we’ll bring the know how

Take a closer look at how we could help your organisation realise its potential.

Let’s discuss how you can better source and manage your people-based business services, from independent contractors through to the largest big brand consulting firms.

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