CURRENT CHALLENGES FACED BY IT PROCUREMENT EXECUTIVES
“ Organisations around the world are moving away from legacy , on-premise , company-owned data centres to leveraging the massive computing power of hyperscalers ” — Tony Harris , Global Vice President , Business Network Solutions , SAP
expensive as a result of government and industry body fines ,” states Harris .
CURRENT CHALLENGES FACED BY IT PROCUREMENT EXECUTIVES
When it comes to the challenges faced by IT procurement executives CIPS explains that “ the market is in a state of constant flux , in which hundreds of products are launched each day . As a result prices can fluctuate widely . We ’ ve seen changes of 66 per cent in a day . It ’ s a time-consuming task to keep on top of such trends . Sometimes ‘ good deals ’ go quickly and there may not be enough stock to satisfy your particular need which is frustrating .”
Other challenges highlighted by Lê include manual , operational activity and the capability to keep on top of
COVID-19
COVID-19 has increased the necessity to transform IT procurement . There are four key imperatives to conduct effective , flexible and resilient operations :
• Shift focus to more value-add activities : automate reporting , focusing on deep insights
• Better responsiveness / speed to ‘ market ’: reduce timeline for contract negotiation
• Improved compliance and risk monitoring : avoid overpayment or purchasing errors
• Stronger collaboration : share data in real-time with customers / suppliers
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