Technology Acquisition / IT Vendor Management

A technology acquisition plan is a document that outlines the steps and strategies for acquiring new technology for an organization. It typically includes the following elements –

1. Objectives: Clearly defined goals for the acquisition of new technology, such as improving efficiency, increasing productivity, or enhancing customer experience.
2. Budget: An estimate of the costs associated with the acquisition, including hardware, software, implementation, and training.
3. Vendors: A list of potential vendors who can provide the technology being sought, including their products, services, and pricing.
4. Evaluation criteria: The criteria used to evaluate potential vendors and technology options, such as functionality, scalability, security, and integration with existing systems.
5. Implementation: A plan for integrating the new technology into the organization, including training, testing, and deployment.
6. Maintenance: A plan for maintaining and updating the new technology over time.
7. Review and evaluation: A process for reviewing the effectiveness of the technology acquisition plan and making any necessary adjustments.

iLLÜM Advisors is a true 3rd party partner … 100% of our focus is on providing services while remaining agnostic to point solutions. This allows us to work with our clients’ IT and executive teams to create technology acquisition plans and implement processes that lead to making informed decisions about technology needs and seeking technology vendors to meet specific needs, not sales quotas. – Schedule 20 Minutes