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                                  Services Procurement Insights 2019: The Big Reveal report

                                  The Big Reveal


                                  Services Procurement Insights 2019: The Big Reveal
                                  Unlock more value from your invisible workforce

                                  How much do you
                                  know about your
                                  invisible workforce?

                                  SAP Fieldglass, in collaboration with Oxford Economics, conducted a global research study examining the increasingly important role of services providers – such as strategy firms, marketing agencies, and IT consultancies – in getting work done. This "invisible workforce" is critical to organizations’ success and a huge amount is spent on these services.

                                  However, services providers are frequently under-managed – preventing organizations from maximizing value and exposing them to risk.

                                  Four key actions

                                  We have distilled the research into four actions you can take to better manage your services providers and drive better ROI.

                                  Illuminate your
                                  invisible workforce
                                  Only 25%

                                  of executives are highly informed about quality of work of their services providers

                                  Illuminate your
                                  invisible workforce

                                  Effective management requires clear visibility, but many organizations struggle to track the basics of services providers, let alone quality of work or progress against milestones.

                                  Illuminate your
                                  invisible workforce

                                  Effective management requires clear visibility, but many organizations struggle to track the basics of services providers, let alone quality of work or progress against milestones.

                                  Manage
                                  with rigor
                                  Just 10%

                                  of executives say they measure services providers’ performance against stated goals very well

                                  Manage
                                  with rigor

                                  To maximize value, organizations must apply the same rigor to managing services providers as they do their employees – including assessing performance and risk.

                                  Manage
                                  with rigor

                                  To maximize value, organizations must apply the same rigor to managing services providers as they do their employees – including assessing performance and risk.

                                  Rise above
                                  the silos
                                  Only 22%

                                  of executives rate collaboration between HR and Procurement in managing services providers as highly effective

                                  Rise above
                                  the silos

                                  Collaboration between Procurement, HR, IT, and the lines of business helps organizations manage services providers with more rigor and deliver stronger business outcomes.

                                  Rise above
                                  the silos

                                  Collaboration between Procurement, HR, IT, and the lines of business helps organizations manage services providers with more rigor and deliver stronger business outcomes.

                                  See your contribution
                                  in a new light
                                  One in four

                                  projects done by services providers is not completed on time or on budget

                                  See your contribution
                                  in a new light

                                  Proactive, effective management of services providers empowers individuals to excel in their areas of responsibility and make significant contributions to their organization’s success.

                                  See your contribution
                                  in a new light

                                  Proactive, effective management of services providers empowers individuals to excel in their areas of responsibility and make significant contributions to their organization’s success.

                                  A sneak peek at the key findings?

                                  Pacesetters outperform others and realize better outcomes.

                                  11% of research participants stand head and shoulders above the rest. These “Pacesetters” outshine others in their:??

                                  • Visibility?of services providers??

                                  • Effective management?of services providers?

                                  • Competitiveness?in a digital world?

                                  Learn how Pacesetters stand out from the crowd.

                                  Here’s how to get started

                                  Unlock the true potential of your services providers:

                                  • View services providers?as?an extension of your workforce.
                                  • Identify the?capabilities?you will need to succeed in the digital era?– and how best to access them.
                                  • Gain visibility into?services providers’?quality of work?to?help?you improve ROI.
                                  • Improve cross-functional collaboration?in managing services providers.
                                  • Equip?your leadership?with?total workforce visibility?to?enable better decision-making.
                                  • Gain executive sponsorship?for your program?to?help you drive change.

                                  For more in-depth actionable insights, download the full report.

                                  To find out how to unlock greater value from your services providers, download the full report.?

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