5 . Effective process to implement strategies , allowing for crossfunctional decision-making .
The Chartered Institute of Procurement & Supply ( CIPS )
Partner ( Middle East ) at Bain & Company
1 . Look at the lifecycle of the products and their total value , not just cost .
2 . Involve all key stakeholders in product specification for not only buy-in when systems are launched , but a deeper understanding of the problem the IT system is designed to solve .
3 . Use the insights available from Value Added Resellers and business to business marketplaces so you don ’ t have to start from scratch .
4 . Be as clear as you can about specifications from the start but be prepared to move and re-think strategy if important information comes to light .
5 . Keep ethical and responsible sourcing in mind . The tech industry has been caught out before by using suppliers paying meagre wages or the use of slaves in the supply chain .
“ With an effective IT procurement policy in place , any business can execute its projects seamlessly ”
— Bao-Viet Lê , Partner ( Middle East ), Bain & Company
digital IT Procurement transformation . “ Typical challenges faced by IT procurement include a lot of manual , operational activity that take a lot of resources , large quantities of data across disparate sources ; inconsistent taxonomies and KPIs , and increased need for collaboration across business partners and suppliers . In addition , many functions are advancing quickly in their digital capabilities , IT procurement will need to keep up , particularly when it comes to P2P suites , automated spend compliance tools , supplier portals for increased data sharing , and artificial Intelligence ( AI ) to inform decision and ID spend opportunities .”
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