IDC PeerScape: Practices for Modernizing IT Procurement and Vendor Management
This IDC PeerScape describes how several chief information officers (CIOs), in a variety of industries, are revamping IT procurement and vendor management to get in sync with a fast-paced digital economy. They're dealing with more vendors (including start-ups) and more contracts, which are refreshed more often because of the quickening pace of technological change. Readers will notice some clear themes: fewer traditional RFPs, more proof-of-concept tests, and higher CIO expectations from the vendor relationship."The advice from leading CIOs is this: Streamline the bureaucracy, automate the workflow, learn to deal with innovative start-ups, and demand more business value from your vendors," says Mitch Betts, an adjunct analyst with IDC's IT Executive Programs.
Please Note: Extended description available upon request.
- IDC PeerScape Figure
- Executive Summary
- Peer Insights
- Practice 1: Organize and Streamline IT Sourcing Processes for Digital Transformation
- Challenge
- Examples
- Guidance
- Practice 2: Establish Clear Roles, Responsibilities, and Visibility for Technology Procurement
- Challenge
- Examples
- Guidance
- Practice 3: Adapt Procurement Processes to Smaller Vendors and Cloud Services
- Challenge
- Examples
- Guidance
- Practice 4: Demand More Business Value and Data from Your Vendors
- Challenge
- Examples
- Guidance
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- Related Research
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