In uncertain economic times, the IT department will be called upon to contribute to cost cutting efforts within the enterprise. With over half the IT budget allocated to purchasing goods and services, poor purchase planning and wasteful purchasing may represent potential for budget improvement. Use a combination of common sense and adherence to some tried and true purchasing principles to cut the fat from IT procurement.
According to Info-Tech's last “Budget and Staffing Report,” the purchase of Hardware/Software, IT and Communications Services, as well as Supplies makes up 53% of IT spending on average. It follows that the purchase process itself has the potential to affect IT's bottom line.