Taking Control Of Your Managed Services With Procurement Solutions
PROCURE SOURCE
The modern business landscape continuously changes, making it hard to stay competitive. To make sure you meet the challenges and capitalize on opportunities, you need to make sure that all departments within your organization have the newest and most effective tools.
Managed services are one area where sophisticated procurement solutions can help the C-Suite make significant difference. Procurement solutions can assist with managing spending and finding services appropriate for specific tasks and use cases. In effect, these solutions can provide greater degree of autonomy and agency that in turn can lead to favorable outcomes, both immediate and in the long-term.
Procurement solutions are especially indispensable when considering IT managed services. When selecting an IT managed service provider, finance executives need to take into consideration suite of features such as price, coverage, contracts and tickets. For instance, an executive may need to meet with stakeholders from multiple departments to discuss the powerful features of cost control, and vendor transparency that procurement solution can bring.
In order to utilize procurement solution for any managed services, the first step is to identify the scope of the task. When choosing vendor, the C-Suite’s top priority should be finding one that offers services within their budget, can address their unique needs, and offers the most suitable coverage.
After the scope is established, you should begin researching vendors in the market. After making list of possible candidates, the C-Suite should shortlist which vendors they deem most appropriate. Determine which of the vendors offer features such as cost control and contract compliance monitoring to make sure the managed service meets requirements.
Once you’ve identified few finalists, reach out to them directly. Have detailed discussion with each potential managed service provider about their products and services, coverage options, and pricing. During this process, be sure to discuss the specific contractual terms and conditions around the service level agreement, service credit isystem, and project deliverables.
After selecting the best managed service provider, be sure to include cost benefit analysis in the final decision process. Determine the total cost of ownership of the service, including any additional costs for onboarding and converting existing data, as well as time spent on implementing the solution and training staff.
By setting up comprehensive procurement process, C-Suite executives can make sure that their managed services are provided in the most efficient and cost-effective way possible. Procurement solutions can help ensure that the managed service provider meets expectations and delivers the features and services necessary for the project.
With leverage over the managed service providers and control over costs, executives can find the right solutions to meet their goals and objectives. With procurement solutions, the C-Suite has the tools to provide the right technology that can drive efficiency and help the organization reach its full potential.
