eBook
IT Procurement 2030 – Preparing for a New Era of IT Sourcing
IT Procurement Evolves Beyond Traditional Boundaries and Expectations
The landscape of IT procurement in large enterprises is undergoing a profound transformation. As we approach 2030, the strategic importance of IT sourcing has never been more crucial to business success. Nearly every enterprise relies on sophisticated IT infrastructure and services to grow market share, drive innovation, improve operational efficiency, enhance the customer experience, and gain competitive advantage. IT procurement excellence has a material impact on outcomes for these business objectives.
Modern IT procurement teams are more than gatekeepers and dealmakers. They are enablers, air traffic controllers, and – in many ways – the ultimate business strategists. They align short-term priorities and long-term roadmaps across stakeholders, users, and vendors. They orchestrate increasingly complex purchasing processes (infosec alone has dramatically changed technology assessment and onboarding) and tough supplier negotiations in the context of shifting internal and external dynamics.
Today’s high-performing IT procurement teams are command centers for the execution of:
Centralized Decision-Making
They ensure all technology purchases align with the organization’s strategic goals and support the objectives of various departments.
Cost Management
They achieve optimum value-for-budget for technology purchases, negotiate with vendors to get the best possible deal, and centralize purchases for more favorable discounts and contract terms.
Vendor Management
They develop and maintain relationships with key vendors. They are responsible for monitoring performance and compliance with agreed-upon standards.
Risk Analysis
They make certain purchases comply with relevant regulations and standards, including security.
What are the key pressures and challenges IT procurement teams must navigate to rise above ‘good enough’ to achieve world-class outcomes on their IT purchases and renewals?
As practitioners and leaders look ahead, what will IT procurement excellence look like in the future? What challenges should be prioritized for solving? What activities will yield the biggest impact on IT transaction outcomes and organizational success? In this ebook, we explore what’s in store for IT procurement over the next five years and what teams can do to reach their fullest potential.
To read more, click below to download our eBook and get full access.