Introducing The Sourcing Life Cycle 2.0

New technologies, new service delivery models, and new competitive challenges are forcing companies to reconsider the way they source technologies for the business. While in the past cost was the primary issue driving most sourcing decisions, this has changed, and now business agility and flexibility are at forefront of technology purchasing decisions. Successful companies are currently rebuilding their vendor management organizations to cope with these challenges, with a goal of expanding the reach and responsibility of strong sourcing practices. While IT and business stakeholders realize the importance of these new organizations, substantive changes are needed to meet the new requirements in speed and agility of the business units, and a new sourcing model is required. In particular, companies will need to focus on improving integration of the sourcing process with other key IT processes, and streamlining and a separation of strategic and tactical activities within the sourcing life cycle.