IDC IT Executive Programs Launches Vendor and Sourcing Management Practice
FRAMINGHAM, Mass., March 20, 2014 – IDC's IT Executive Programs (IEP) today announced the launch of the Vendor and Sourcing Management (VSM) practice, under the leadership of Rajeev Agarwal, Vice President, Research. The new research, advisory, and benchmarking service will examine the ever-growing external IT spend on vendors and suppliers ranging from hardware, software, and services. The goal of the new service is to provide in-depth coverage of VSM topics including vendor selection, contracting, pricing, governance, performance management, automation, and managing transformative initiatives with external suppliers.
According to IDC's US Vertical IT Budget Benchmarking survey, two thirds of IT spend by enterprise-class organizations is external, and two thirds of CIOs seek partnerships with external suppliers to jointly develop and drive innovative initiatives. Moreover, migration from 2nd Platform to 3rd Platform technologies (social media, mobility, big data and analytics, and cloud) further increases reliance on external vendors and suppliers. With this in mind, IDC asserts that all organizations must recognize VSM as a core capability embedded within all levels of their organization.
"Vendor and sourcing management is undergoing a significant transformation. The goal with this new service is to help our clients manage and design this core capability and understand how to derive real value," said Rajeev Agarwal, Vice President of Research for IDC's IT Executive Programs. "Globalization of IT and related services, combined with the rapid adoption of 3rd Platform technologies, requires that organizations continuously improve not only performance attributes like price, quality, and timeliness but also develop capabilities to integrate deliveries from existing and new 3rd Platform suppliers."
IDC will host a complimentary Web conference, Vendor and Sourcing Management: IDC Maturity Model – A Framework to Maximize Value and Drive Innovation, on March 26th, at 11 AM, EDT. During this Web conference, attendees will learn more about the IDC maturity model and how they can use this to build an efficient and effective VSM capability, evolve along the maturity curve, and manage a diverse portfolio of supplier engagements to drive innovation. To register please visit: http://bit.ly/1qwc0GD.
For additional information about the IT VSM research advisory service or for additional information about IT Executive Programs (IEP), please contact Sarah Murray at 781-378-2674 firstname.lastname@example.org. Reports are available to qualified members of the media. For information on purchasing reports, contact email@example.com; reporters should firstname.lastname@example.org.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. In 2014, IDC celebrates its 50th anniversary of providing strategic insights to help clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.