Defined by The Chartered Institute of Procurement and Supply (CIPS) as “the processes and procedures inherent in good, responsible procurement to acquire technological products and services that meet the needs of business and supply chains”, the day-to-day tasks of an IT procurement executive may include market research, pricing negotiation, terms and conditions agreement for services and status of purchase communication with internal customers. 

“With an effective IT procurement policy in place, any business can execute its projects seamlessly,” adds Bao-Viet Lê, partner (Middle East) at Bain and Company.