PROCUREMENT PROCESSES AGE

WRITTEN BY: SEAN ASHCROFT

All businesses have been affected by the political, economic and social disruptions of recent years. From Brexit to the pandemic, seismic global events have tested the operational resilience of organisations, their workforces and supply chains.

Procurement, in particular, has been hard hit by a series of unprecedented challenges – from production delays and logistical log jams to inflationary pressures and exchange rate fluctuations. This volatile climate has left IT buyers in need of solutions that can help them navigate choppy waters.

As explained by Hewlett Packard Enterprise, IT procurement is a group of processes for the purchase and implementation of IT in accordance with organisation strategy. An organisation that uses IT must have a way to procure the IT products and services it needs to operate.

“Procuring IT is – or should be – about more than just buying IT products and services,” explains HPE. “IT procurement serves a vital role in the realisation of strategic and operational goals. Given the centrality of IT to business success and overall transformation, IT procurement should engage key stakeholders from business, finance, and IT itself. The process