Gartner Research

Manage the Costs and Risks of Sole-Source Solutions in Technology Procurement

Published: 08 September 2016

ID: G00274039

Analyst(s): Stewart Buchanan

Summary

This foundational research explains how to identify and assess risks so that sole-source providers can be managed without competitive leverage. Technology procurement leaders need to address the risk of dependency on a sole source through vendor management best practices.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Recognize and Manage Sole-Source Technology Solutions
    • Apply Sole-Source Criteria Throughout Your Supply Chain
    • Assess and Mitigate Risks to Obtain Sole-Source Approval
  • Require an Escape Plan Before Approving a Sole-Source Solution
    • Plan a Vendor Ecosystem Management Strategy
  • Continually Review and Improve the Value of Sole Sources
    • Continually Improve Sole-Source Procurement for Business Success
  • Conclusion

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