Unprecedented changes are under way in how business identifies, sources, and manages the technologies that drive innovation, growth, and competitive advantage. IT drives increased efficiency and improved value to the business through the adoption of Lean practices. The business is taking increased ownership of IT-dependent innovation. Employees no longer wait for sourcing to procure the tools that they need to connect with others. And new vendors, changing service delivery models, and rising business risks are changing the way that vendor relationships need to be managed.
THE NEW IMPERATIVE FOR SOURCING AND VENDOR MANAGEMENT (SVM) PROFESSIONALS
Enabling business, IT, and end users to harness the value from these trends requires that SVM pros embrace and drive change within their organizations. In addition to managing sourcing events and existing vendors, SVM professionals must support the rapid innovation that is taking place within IT and the business while also reducing risk. This includes empowering employees with self-provisioned technologies, sustaining competitive advantage by continuously improving delivery models, and creating differentiation through innovative relationships with their suppliers. SVM pros must embrace a new set of skills and commit to getting ahead of technology and market innovations to ensure that their organizations achieve business value from these changes.