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Using a Flexible Approach to Services Spend Management to Drive Impact
Procurement teams are increasingly asked to do more with less, especially when it comes to enabling business-critical services. Statement of Work (SOW)-based services are now one of the fastest-growing areas of spend, but managing them effectively requires a careful balance between agility, compliance, and risk control.
If services spend programs are too rigid, they slow the business down. If they are too loose, they invite waste, scope creep, and even contract disputes. Procurement’s challenge is to enable access to external capabilities while keeping oversight strong enough to protect value creation.
In this whitepaper, created in partnership with Guidant Global, we explore how a flexible approach to services spend management allows procurement to deliver real business impact. Drawing lessons from Amway’s journey to formalize and scale their SOW-based services program, this paper provides a roadmap for how procurement can increase visibility, strengthen compliance, and enable stakeholders (without becoming a bottleneck).
Download your free copy to learn:
- The different types of services spend and why a whole-business perspective is essential
- How procurement maturity shapes the impact of SOW-based services programs
- Practical strategies for capturing and communicating the value created through services spend
- How Amway built a services program that supports both sourcing managers and hiring managers globally
- Proven approaches to balancing flexibility with compliance so programs drive adoption rather than resistance
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