IT procurement and sourcing strategies
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
IT procurement and sourcing strategies
IT procurement and sourcing strategies are the methods and practices used by organizations to acquire the technology products and services they need to support their operations and goals. These strategies are designed to ensure that the organization is getting the best value for its IT investment, while also addressing the organization’s specific needs and requirements.
One common IT procurement strategy is to use a strategic sourcing approach, where the organization carefully plans and manages the acquisition of goods and services from vendors. This approach involves analyzing the organization’s needs, identifying potential vendors, conducting thorough due diligence on those vendors, and then negotiating the best possible terms and conditions. This approach allows the organization to optimize its IT spending and ensure that it is getting the best value for its investment.
Another common IT procurement strategy is to use a category management approach, where the organization groups similar products and services together and then manages the procurement of those products and services as a single category. This approach allows the organization to take advantage of economies of scale, negotiate better terms and conditions with vendors, and manage vendor relationships more effectively.
Another approach that organizations use is to leverage procurement and sourcing software, which automates and streamlines the procurement process and allows the organization to manage vendor relationships more effectively. This software can be used for everything from creating purchase orders, to tracking vendor compliance, to monitoring and analyzing spend data.
A more recent sourcing strategy is to use e-sourcing, which is the use of digital technologies to automate the sourcing process and reduce the time, cost and risk of sourcing. This can be done by using e-sourcing platforms, which allow organizations to manage the entire sourcing process from RFI to contract awards, and to access a global network of suppliers.
In addition, organizations can also consider using reverse auctions, which is an online platform that enables suppliers to bid against each other in real-time, in order to offer the best price and terms for goods or services. This approach can be very effective in driving down costs, and it also allows organizations to identify new suppliers and to access new markets.
Another approach is to use strategic partnerships with vendors. This approach involves forming long-term relationships with key vendors, with the goal of achieving mutual benefits such as cost savings, improved service, and access to new technologies. Strategic partnerships can also help organizations to mitigate risks associated with vendor relationships, by ensuring that vendors are committed to the success of the partnership.
Finally, it is important to have a good governance structure in place for IT procurement and sourcing. This includes having a dedicated team for procurement and sourcing, having clear policies and procedures in place for procurement and sourcing, and having regular reviews and audits of the procurement and sourcing process. This helps to ensure that the organization is getting the best value for its IT investment, and that the organization’s needs and requirements are being met.
In conclusion, IT procurement and sourcing strategies are important for organizations to optimize their IT spending and ensure that they are getting the best value for their investment
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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IT procurement and sourcing strategies
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