IT Sourcing is the process of choosing or procuring information technology resources from a party outside of the organization. Traditionally organizations would outsource their mundane IT activities as a single contract with a single partner which was done mostly as a cost optimization solution - lowest bid would generally get the contract.
With a fast changing global economy and evolving business objectives it has become essential for CIOs and IT Managers to create a strategic sourcing plan where the relationship with the vendor would be one of collaboration; ensuring their capability to respond to the organization's changing business needs in order to deliver value. 1
What is Strategic Sourcing2
How to develop a Sourcing Strategy3
Strategic Sourcing Template4
Creating An Outsourcing Model5