STATEMENT OF WORK:
the key to ultimate workforce visibility
SOW BY THE NUMBERS
THE SPEND OF CONTINGENT LABOR
A Statement of Work, or 'SoW' is a legally binding document that describes
the work or service agreed to be delivered for a buyer by a supplier. A well
written SoW outlines the scope of the work/service, the deliverables to be met
and respective timelines/due dates, commercials & pricing, as well as general
terms under which the work will be done.
With TAPFIN's Statement of Work Management
66%
80%
90%
63%
of organizations are
planning to pursue cost
reductions strategies
post COVID-19
compared to 33% pre-
COVID
Deloitte Global CPO Flash
Survey, 2020
of procurement
functions are not fully
aware of competitive
terms and contract
structure
IACCM Benchmarking study
of executives have
little visibility to their
external workers
Oxford Economics/SAP
Fieldglass: External Workforce
Insights
Drive Value Cut Costs Shift Risk
of procurement leaders
have moderateorvery
lowvisibilityinto their
extended supply
network
Deloitte Global CPO Flash
Survey, 2020
- x
5 3
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