Banking organization with a high CW & SOW IT spend

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Project Type:
SOW Optimization
Client:
Banking organization with a high CW & SOW IT spend
Sector:
Financial Services

The Issues

  • Banking organization with a high percentage of IT contingent ($120M) and SOW ($200M) spend
  • Lack of supplier management strategy for the contingent workforce and services procurement
  • Lack of visibility into services procurement spend
  • Lack of solution framework to manage services procurement spend
  • Wanted to optimize workforce mix with a holistic talent strategy

The Solutions

  • Assess supplier marketplace for contingent workers and services procurement
  • Analyze all SOW's, leveraging Brightfield TDX refined SOW categories
  • Design the framework to manage services procurement, including operating model, sourcing model, technology model and process flows
  • Define the program and solution expansion strategy
  • Define a cost savings strategy

The Results

  • Supplier management strategy to include utilization of CW and SOW suppliers
  • Visibility into services procurement spend and a defined reporting strategy

Next Steps

  • A defined program framework to manage services procurement by category, including process, policy and governance
  • Expansion of services procurement within scope of the program and VMS tool

How did The Client benefit?

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