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Vendor Sourcing and Management: Sourcing in 3 Dimensions

Vendor Sourcing and Management: Sourcing in 3 Dimensions

This IDC study provides VSMO leaders, CPOs, CIOs, and LOB executives advice on optimizing investments in technology portfolios (legacy as well as 3rd Platform). Managing legacy technology assets in isolation of investments being made in 3rd Platform technologies presents opportunities for waste and mismanagement. Isolated efforts to cut spend on legacy technology may end up creating unforeseen financial liabilities. By applying fundamental concepts from IDC's Leading in 3 Dimensions framework within the context of vendor sourcing and management, this study details specific actions organizations can take that will enhance their ability to more effectively manage their technology investments.This study focuses on IT strategy and governance, vendor sourcing and management, and IT talent and skills management.According to Aaron Polikaitis, research vice president, IDC's IT Executive Programs (IEP) Vendor Sourcing and Management practice, "Unfortunately, the savings game within many enterprises has become an overly complex bureaucratic and isolated process — promoting fractured portfolio management practices — which may ultimately create greater financial liabilities than savings."

IDC Opinion
In This Study
Situation Overview
Inflated Savings Expectations
Siloed Sunsetting and Innovation
Sourcing in 3 Dimensions
Embrace Innovation: Identify Digital Transformation Drivers and Owners, Establish Cross-Functional Dialog Between Owners and VSM Executives, and Share a Common Vision
Integrate VSM: Assess, Document, and Communicate Legacy Vendor Relationships; Establish Digital Transformation Road Maps; and Develop Business Cases
Infuse the Enterprise with the Appropriate Skill Sets Necessary to Source 3rd Platform Solutions and Manage Digital Transformations
Future Outlook
Essential Guidance
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