More Options, Tougher Choices for Companies Considering Services Procurement Solutions

Organizations must carefully consider their specific requirements and available solution options before investing in a services procurement offering, Spend Matters reports


Chicago — February 23, 2010 — Companies have more options than ever before among solutions for managing their services procurement spend, but the dizzying array of possible technology and service solutions means that organizations must carefully consider their specific requirements before investing in a services procurement offering, according to a new report from procurement and supply chain blog Spend Matters.

Services procurement can account for anywhere from 15 percent to 70 percent of a company's total spend. Service procurement solutions can help organizations manage the full contingent services lifecycle with an eye toward reducing total costs, trimming back maverick or off-contract spending, and addressing compliance issues.