The Business Challenge
Opportunity in Every Dollar
In today's economy businesses face the ever present challenges of nurturing growth, increasing productivity, and tightening the reins on costs. To stay competitive many companies are increasingly outsourcing services that are not directly related to the core competencies of their business. As a result, these services—from contingent labor to consulting projects, to outsourced and offshore functions—have become more critical to the operational efficiency of today's global enterprise and a prime area for optimization.
Enterprise Services Spend
According to the Aberdeen Group, in most organizations "spending on services...accounts for one-third to half of every purchasing dollar spent" and industry overall in the U.S. spends $1.5 trillion annually.
With services spend accounting for over 30% of an enterprise's total purchasing, companies need to effectively manage their outsourced services providers and the complexities inherent to the various types of services procured. Many businesses simply do not have the standardized procedures or technology to leverage their relationships and realize the potential benefits that exist including improved savings, visibility, and compliance.
Fieldglass can help you optimize the way services are procured and managed across your enterprise. Click here to learn more >
