This IDC study describes the IDC MaturityScape for vendor sourcing and management. Most enterprises are either actively engaged in digital transformation (DX) initiatives or considering doing so in the near future. One of the key elements of successful DX is a vendor sourcing and management practice that is sufficiently mature to address the needs of the business and DX initiatives. This IDC MaturityScape for vendor sourcing and management helps procurement, IT, and LOB executives better understand the maturity of their sourcing practices and what actions they need to take to enhance the level of maturity of their practices for effective digital transformation and innovation.
According to Aaron Polikaitis, vice president, IDC's IT Executive Programs Vendor Sourcing and Management, "Most procurement and sourcing practices of large and small enterprises are highly process centric. While this provides a level of assurance that each event will follow a predictable pattern and yield a predictable outcome, innovation and digital transformation requires a more mature approach, one that allows for flexibility and that relies on the collective expertise of highly motivated cross-functional sourcing teams."