Steps to Improve Technology Procurement Efficiency

This guide outlines ten steps to enhance technology procurement processes, focusing on the importance of supplier consolidation and accountability. It discusses the challenges faced by various organizations, such as a multinational oil and gas producer, a national bank, and a local authority, all of which struggle with slow time to productivity due to multiple supplier agreements and inefficient procurement practices. The document emphasizes the need for a strategic approach to technology sourcing, including the establishment of automated procurement processes and end-to-end logistics capabilities. It highlights the barriers to rapid productivity, such as the inability to scope technology needs and the lack of visibility into supplier agreements. The guide suggests that organizations can benefit from partnering with established providers to streamline their procurement processes, reduce costs, and improve sustainability. It concludes with a checklist for assessing technology sourcing practices, encouraging organizations to evaluate their procurement strategies critically.