According to Gartner, organizations spend an average of 62% of their technology budgets on vendor products, services and outsourcing. However, when it comes to promoting the purpose and expected benefits of adopting the appropriate policies and processes, Sourcing, Procurement, and Vendor Management (SPVM) leaders too often fail to develop a communication and change plan. How can procurement and sourcing take a greater leadership role and go beyond admin work and tactics?
4 min read
4 min read
At the turn of the century, the core responsibility for software procurement used to be simple – get the best possible price. Over the past decade as the market has progressed into Software-as-a-Service (SaaS), it became obvious that nobody was actually purchasing software, but the results the software could provide for their company.
3 min read
Procurement teams face a number of challenges in ensuring goods and services are sourced at the best possible price. Without the tools to analyze technology usage and data across the organization, it is incredibly difficult to fully understand a company’s technology requirements and know what represents a deal that's favorable to the organization.