IT-Benchmarking
Why
IT costs, contracts, and supplier agreements change continuously. Yet, many organizations lack an objective picture of what is market compliant. As a result, it is difficult to assess whether rates are still appropriate, whether supplier performance aligns with the agreements made, and where there is room for improvement or savings.
With IT benchmarking, SourceMinds provides insight into how your IT services compare to the market. This gives organizations a solid foundation for contract negotiations, sourcing decisions, and optimizing existing supplier relationships.
How
We map out your current IT costs, contract agreements, services, and service levels, and compare them with relevant market information from similar sourcing and selection processes. In doing so, we look not only at price, but also at the scope and complexity of the services, the agreed service levels and quality requirements, the distribution of responsibilities, the contract duration and procurement model, and relevant market and price developments.
By normalizing differences in service provision and contract structure, a fair comparison is created, providing insight into where opportunities, risks, and deviations lie.
Our approach
- Inventory: we collect relevant contract, service provision, and cost information.
- Analysis: we compare the data with current market information and benchmark references.
- Normalization: differences in scope, service levels, and responsibilities are corrected to create a fair comparison.
- Advising: the results are translated into concrete recommendations and improvement measures.
Result
With an IT benchmark from SourceMinds, you get:
- Insight into the market conformity of your IT costs;
- Substantiation for contract negotiations;
- Insight into savings opportunities;
- Better control over supplier performance;
- An objective assessment of quotations and proposals;
- A stronger starting position for future sourcing processes.
With an IT benchmark from SourceMinds, you have the information to make better-informed choices, manage suppliers more effectively, and demonstrably increase the value of your IT services.
References
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