target audience: TECH BUYER Publication date: Sep 2020 - Document type: Tech Buyer Presentation - Doc Document number: # US46806320
The Future of Technology Sourcing and Procurement: Leadership Imperative
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Abstract
This IDC Tech Buyer Presentation discusses dynamics within technology procurement organizations that was not anticipated. IDC survey data shows that businesses were not prepared for the COVID-19 crisis. Nevertheless, according to the survey data, IT sourcing/procurement organizations successfully helped navigate their businesses through the crisis response. However, the crisis response phase is over, and most businesses are investing in new technologies and are well on their way to finding the next normal. Unfortunately, IT sourcing/procurement organizations are stuck in crisis mode.
"Although business leaders are looking to the future, procurement executives focus on the rearview mirror stuck in crisis mode. Wake up procurement, the crisis has been averted — move on to the next phase," says Aaron Polikaitis, vice president research, IDC Executive Programs.