The IT sourcing policy outlines the standards for the external sourcing of goods and services and helps to ensure that best value for money is obtained. This policy will ensure that all externally sourced goods and services are sourced through fair, open, and transparent practices that comply with all applicable legislation and trade agreements. The IT sourcing policy is key to receiving best value when externally sourcing goods and services.
Risks addressed by this policy:
- High supplier power
- Costly corporate conflict of interest cases
- Inappropriate vendor selection based or personal preference or subjective rationale