Leading Medical Organization Achieves Cost Savings with SOW Optimization

PRO UnlimitedBy PRO Unlimited 1 month ago
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Despite technological advancements, SOW services procurement remains an area of significant pain for many businesses. Procurement teams are short staffed, leading to rogue spend, inadequate involvement and compliance risk. There are typically multiple systems in place without a centralized repository for all elements needed to effectively manage engagements.

By following PRO Unlimited’s proven SOW spend assessment methods via the Vendor Management System (VMS), Wand, and supported by the Managed Services Program (MSP), a leading medical organization’s procurement team found success. This organization was able to tap into extensive research and analytics from across PRO’s client base to better understand resource allocation to SOWs, worker quality and rate guidance to achieve cost savings. With the help of PRO’s MSP team, benchmarking and vendor performance data helped ensure that each project was negotiated and competitively priced, resulting in cost savings per project of 15 to 25 percent.

PRO’s SOW spend assessment reviews all relevant and related data, which includes:

  • Independent contractors: Engaged for unique subject matter expertise and engagements are usually around a specific deliverable for a defined project
  • Consulting firms: Group of contractors that could be small, mid-sized or large vendors; deliverables or due dates are typically established
  • Strategic partners: Perform functions not found in house and systems access generally not required
  • Outsourced services: Functions outsourced to a specialty provider and multi-year engagements

Find out how PRO’s SOW Spend Assessment can be used to provide holistic workforce visibility, cost controls, vendor performance measures and access to accurate workforce planning methodologies.

If you’re interested in learning more about how PRO is helping organizations implement winning contingent workforce programs globally, please contact a PRO representative at 800.291.1099 or email at info@prounlimited.com.

Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of PRO Unlimited and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.

 

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  New TechnologiesWorkforce Management
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