article thumbnail

Everyone, including top leaders, need to be on-board when agencies install new technology

American City & Country

According to Witt, governments must also consider the total cost of ownership of the new system. It also includes the supplemental cost of implementation, training, ongoing support and system maintenance.” The technology vendor also needs to have a strong methodology that has been proven to get customers to success quickly.”

article thumbnail

CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. This greatly increases the company’s agility, allowing highly efficient purchasing operations.

article thumbnail

Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Consider the total cost of ownership, not just upfront costs. . • Conduct rigorous vendor vetting, with an emphasis on reliability and long-term support. Focus on the interoperability and scalability of solutions. What about cooperative contracts?

article thumbnail

A Data-Centric Approach to Cyber Resilience

GovLoop

Some of the benefits of modernized data storage include: Lower cost of ownership by reducing rack space, power and cooling requirements. Modernizing your agency’s data storage is a key step to building a foundation for data resilience, protecting it from malicious outsiders.

Data 52
article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

Total Cost of Ownership, ERP appears to be cheaper, but is it? In addition to all of these benefits, the total cost of ownership of an ERP-based solution is higher. In fact, 74% of ERP implementations go Over Budget and they take longer to roll out.

article thumbnail

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers.

article thumbnail

Singapore’s EVe harnesses the power of data with help from NTT DATA, AWS

AWS Public Sector

This shift enhances cash flow dynamics and contributes to a notable reduction in the total cost of ownership for EVe. Under the SaaS model introduced by NTT DATA, the conventional Capital Expenditure (CAPEX) is replaced with Operational Expenditure (OPEX).

Data 84