Posts Tagged IT sourcing

IT Procurement – 3 steps to manage the risks of digitalisation

At a recent European IT Procurement Conference, Chris Argent from Wavestone participated in a panel discussion which explored how technology changes require sourcing processes to be adapted. In particular, the shift towards digitalisation (in customer service and operational delivery) has introduced increased risks for business and customer data. In our in view, there are three key steps the procurement and […]

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Networks sourcing strategy for a UK electricity DNO

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5 success factors for contract negotiation (7/9)

This seventh blog in the series of nine blogs on the sourcing lifecycle identifies 5 success factors for contract negotiation.  After down-selecting preferred suppliers in response to RFP submission, the customer should prepare a draft contract with a full set of schedules. This should be designed according to the customer’s requirements, rather than being based on suppliers’ terms and conditions. Prior to releasing the draft […]

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RFP responses and supplier evaluation (6/9)

This sixth blog in the series of nine blogs on the sourcing lifecycle discusses the criteria for supplier evaluation that should be used to down-select preferred suppliers. Upon receipt of the suppliers’ RFP responses an appropriate methodology should be used to compare the proposals and identify the most compelling commercial offer with the highest level of capability to meet the service […]

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Requirement definition and RFP document production (5/9)

This fifth blog in the series of nine blogs on the sourcing lifecycle highlights the requirements that should be defined in the RFP document to receive the best responses from suppliers and ultimately successful contracts. The objective of the Request for Proposal (RFP) process is to evaluate potential suppliers and enable a down-select decision to be made. As a general […]

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Shortlisting suppliers for an RFP process (4/9)

This fourth blog in the series of nine blogs on the sourcing lifecycle discusses the process and criteria for shortlisting suppliers for the Request for Proposal / RFP process. The traditional precursor to the RFP process, the Request for Information (RFI), is used to create a shortlist of recipients for the RFP and to provide the customer with strategic options […]

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Pre-contract due diligence for sourcing programme (3/9)

This third blog in the series of nine blogs on the sourcing lifecycle highlights the importance of pre-contract due diligence for a sourcing programme. Pre-contract due diligence for sourcing is the single most important preparatory activity that the organisation needs to undertake for any sourcing programme. The more information that can be collected by the organisation, the more comprehensive will […]

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Developing a project team to run a successful sourcing process / programme (2/9)

This second blog in the series of nine blogs on the sourcing lifecycle focuses on developing a project team that can successfully run a sourcing process. Running a successful sourcing process is time consuming, resource intensive and intellectually demanding. The following challenges are often experienced: Achieving the timescales Avoiding increased or unexpected programme costs Achieving confidence in the business case […]

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Deflation and IT Costs – push your Service Provider for lower prices in 2015

With the majority of developed economies now experiencing rapidly declining rates of inflation, 2015 presents a major opportunity for organisations across all sectors to reduce IT costs through the review and renegotiation of services contracts. In January 2015 the rate of UK CPI (Consumer Price Index) inflation dropped to 0.5%. The Eurozone is already in deflation at -0.2% and the […]

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IT sourcing trends in Financial Services

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