Corporations today are increasingly looking for means to operate a leaner, tighter business by contracting the services of outsourcers and consultants. Services Procurement: what is it really? Simply put, services procurement is a process for buying and managing complex service categories. Unlike procuring physical goods, buying services is usually less centralized within a corporation and relies on a completely different supply chain than physical goods. Most importantly, services procurement involves the legal, cultural, and organizational complexities associated with budgeting, evaluating, and engaging project-based talent—consultants—and services from third-party supplier through a Statement of Work (SOW) contract.

Contributors: Beeline
Categories: Whitepaper
SRC Type: Procurement Operations, Sourcing Management