Strategic Sourcing And Procurement For Technology Cost Optimisation

Following our first article in the series 'Analyse and rationalise: Understanding how to assess and optimise IT costs in a downturn market', this article focuses on the importance of taking a strategic approach to technology procurement and sourcing.

In the current economic climate, optimising strategic technology sourcing and procurement is becoming an increasingly critical factor for reducing the cost base and delivering value to the whole enterprise.

However, in our experience, many organisations take a short-term view to sourcing and procurement, focused on resolving immediate challenges rather than delivering a longer-term advantage. Strategic sourcing has evolved beyond the traditional role of procuring services at the cheapest rate – it is now an opportunity to supplement key organisational capabilities to enhance innovation, deliver agility and build competitive advantage. Balancing how, where and when third-party services are used can be challenging and