Cost-Reduction Planning for IT Vendors | Info-Tech Research Group

Unprecedented health and economic conditions are putting extreme pressure and controls on expense management.
IT needs to implement proactive measures to reduce costs with immediate results.
IT must sustain these reductions beyond the near term since no one knows how long the current conditions will last.

Our Advice

Critical Insight

Proactively initiating a “War on Waste” (WoW) to reduce the expenses and costs in areas that do not impact operational capabilities of IT is an easy way to reduce IT expenditures.
This is accomplished by following the principle “Stop Doing Stupid Stuff” (SDSS), which many organizations deemphasize or overlook during times of growth and prosperity.
Initiating a WoW and SDSS program with passion, creativity, and urgency will deliver short-term cost reductions.

Impact and Result

Pinpoint and implement tactical countermeasures and savings opportunities to reduce costs immediately (Reactive: <3 months).
Identify and deploy proven practices to capture and sustain expense reduction throughout the mid-term (Proactive: 3-12months).
Create a long-term strategy to improve flexibility, make changes more swiftly, and quickly generate cost-cutting opportunities (Strategic: >12 months).
Use Info-Tech’s 4 R’s Framework (Required, Removed, Rescheduled, and Reduced) and guiding principles to develop your cost-reduction roadmap.

Cost-Reduction Planning for IT Vendors Research & Tools

1. Start here – read the Storyboard

Read our concise Executive Brief to find out how you can reduce your IT cost in the short term while establishing a foundation for long-term sustainment of IT cost containment.

Member Testimonials

After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.

Client

Experience

Impact

$ Saved

Days Saved

Testimonial

HighTower

Guided Implementation

8/10

$60,319

2

Good general overview.

Highlands County Clerk of Courts

Guided Implementation

10/10

N/A

N/A

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Table of Contents

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Authors

Steve Jeffery

Phil Bode

Search Code: 92046
Last Revised: March 31, 2020

TAGS:

COVID, COVID-19, Cost Reductions, Budget, Expense Reductions, Reactive, Proactive, Strategy, Vendor Management, cost-containment, crisis-management

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