IT Procurement Best Practices 2024
IDC’s guide on procurement best practices provides a comprehensive framework for optimizing IT procurement processes. It emphasizes the strategic role of procurement in fostering fair, objective decision-making and mitigating risks during IT sourcing. The guide outlines key best practices, including early procurement involvement in business case development, governance as a central operational principle, and the use of internal contract templates. It stresses the importance of collaboration between IT and procurement teams, cybersecurity reviews for contracts, and establishing clear vendor agreements.
By embedding governance and leveraging expertise, organizations can enhance vendor selection, streamline processes, and align IT strategies with business goals. This guide serves as a valuable resource for IT executives seeking to improve procurement efficiency and outcomes.