Why Read This
Although evaluating emerging technologies is not the traditional responsibility of sourcing and vendor management (SVM) professionals, more SVM teams are steadily moving in that direction. Powerful technology trends have brought consideration factors such as risk, compliance, and security to the forefront of new technology adoption process and have made the unique knowledge of sourcing departments more valuable to IT and business professionals. While SVM professionals can dramatically affect the value of new technologies, their role needs more clarity and focus in order to avoid confusion with enterprise architecture's historic purview. By defining their distinct value in the emerging technology adoption process, SVM teams can increase their value to the business. SVM executives can start this transition by articulating their unique capabilities in the new technology adoption process, allocating resources to the responsibility, and marketing their value to their IT and business counterparts.