This reference page will organize the material both from posts and other detailed templates to provide a comprehensive view of technology procurement and its best practices.
I have begun assembling a set of templates and practices that I have leveraged or I have seen peers or other senior IT leaders use to enable robust and effective procurement. And given that many IT organizations spend 60% or more of their budget on external products and services, achieving a 10 to 30% improved in external spend is very significant — consider that you would be able either provide savings back to the profit line or invest them in greater innovation.
The procurement best practices are organized into 3 sections:
- the Procurement Lifecycle
- Leveraging a Technology Acquisition Process to optimize your external spend
- Effective vendor management to ensure better value after the contract
I appreciate the many different colleagues who provided feedback and ideas to improve and develop these best practices.
Best, Jim Ditmore