Best practices in IT procurement that organisations should know

An organisation should have an IT procurement strategy that meets the needs of the business,…...

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An organisation should have an IT procurement strategy that meets the needs of the business, helps get maximum value for the money your organisation is spending and protects the company from risks, such as cybersecurity threats and regulatory compliance. Each organisation is different, so the procurement process should consider the unique needs of the company.

IT procurement should be able to not only fulfil the needs of the company but also to ensure cost saving. To help you out, here are some of the best practices to adopt:

Strategic procurement of technology based on organisational needs

Often, organisations buy technology which they have to adapt to, and this might not be the right way. Instead, IT procurement specialists should look for technology that fits into the company and supports the goals of the organisation. There is no point in buying technology that needs to be modified or results in longer processes and workflows. It will result in inefficiencies and integration issues.

Forge strategic relationships with vendors

It is essential to cultivate a strategic relationship with IT vendors, as it will help the organisation to save money and help in resolving any adoption issues. It will end maverick buying and ensure seamless integration with your existing ERP systems. It is necessary to create a framework allowing you and the vendor to work in collaboration to improve your relationship.

Make the stakeholders a part of the buying process Before you buy anything, get as much information as you can from stakeholders. It will enable you to understand the needs of the organisation, the budget for IT procurement, and how the technology will affect the operations. When stakeholders are involved, you will be able to make t

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