TL;DR
- IT procurement is the process of buying and managing technology, including hardware and digital services, for a company.
- The best procurement teams use clear gates and evidence, not long questionnaires and one-time approvals to approve purchase requests.
- Standardized intake and one system of record reduce ‘shadow buying’ and improve visibility into your IT environment
- The TCO model prevents hidden costs and makes renewals and cloud spend easier to control
- Although automation helps with manual work, humans must be responsible for accountability and risk.