This infographic was produced by Info-Tech with a quote from Claritum.
Choosing a sourcing strategy, selecting the right vendors and managing productive relationships are key responsibilities of the modern IT department. Effective sourcing requires effective strategy formulation, procurement and ongoing management.
Why organizations outsource
- They lack the resources or expertise to deliver product/service in-house.
- To capitalize on economies of scale and cost savings.
- To develop partnerships that foster innovation and help accomplish business goals.
To find out more read our article Centralise or de-centralise? Outsource or insource? Near-shore or far-shore?
To improve vendor selection and procurement, read the article Optimize IT Procurement.
Buying software is the easy part – the trouble is getting value out of it. You need to create a process for working with vendors to understand your organization.