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6 best practices for better vendor management

CIO Business Intelligence

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Vendor partnerships are becoming increasingly vital to IT agendas today. Allen says.

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How to get your CFO to buy into a better model for IT funding

CIO Business Intelligence

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

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Advice from procurement: How to evaluate and propose new IT investments

CIO Business Intelligence

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year?

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6 key challenges of complex cloud environments — and how to manage them

CIO Business Intelligence

Controlling costs. Cloud costs can quickly spin out of control, especially when departments outside central IT add to the organization’s overall cloud footprint. Moving to the cloud means that we need to manage change to reduce risk and cost, with governance as the top layer to facilitate that change.”.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

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A Complete Guide To Driving Digital Transformation In Marketing

datapine

When you have set KPIs and got the right digital marketing tools at your disposal, your business will benefit from the following: 3. In order to do so, you can benefit from an interactive online marketing report that provides a centralized view to support relevant decisions and keep teams connected. Refine Digital Channels.

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A Beginner’s Guide To Inventory Metrics And Best Practices

datapine

Among other things, they help in improving on-time deliveries, in reducing operating costs, in increasing customer satisfaction, or in optimizing transport. If you’re centered only on monitoring numbers, without focusing on the human aspect, you risk business bottlenecks in the long run. Carrying cost of inventory.

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