How have you structured your tech purchasing process to make sure TCO calculations are accurate?
VP of IT in Real Estate, 5,001 - 10,000 employees
All purchased assets, licenses, etc are properly tracked and which its cost are measured throughout its lifecycle. Each procurement would consider its incremental cost and to properly track its lifetime cost of ownership
Solutions Architect in Software, 51 - 200 employees
All hardware and software costs are dealt with through a central point-but are allocated per business unit. In this way there is one point of control in terms of acquisition, and spend can accurately be allocated across business units. CIO in Finance (non-banking), 1,001 - 5,000 employees
We have a dedicated system to track all IT expenses and map each contract to its related asset or application/system.We can easily get a 5Y TCO of each asset that can be later allocated by line of business.
Director of IT in Software, 51 - 200 employees
Yes, we do. We have a separate procurement department, where they have a process to follow. So every purchase will happen through a rigidly defined process where it evaluates all TCO calculations too. If needed we would signup for trials/demo accounts to verify the intended usage and use cases.VP IT in Energy and Utilities, 1,001 - 5,000 employees
We centralized tracking of purchases but now allocate distributed costs to each department. We can then tie the usage to product or customer related needs and understand how it drives our external business versus our internal business but while having visibility into TCO. CIO in Education, 201 - 500 employees
We have not structured it in such a way to make sure those calculations are accurate. We do our best to interpret the data that we have on these purchases, but I'm not confident that they are always accurate.IT Director in Education, 51 - 200 employees
I worked at a K-12 private school that places a great deal of importance to the use of technology in learning and teaching.We have what we call an IT Replacement Cycle, where based on the lifespan of equipment, we plan the replacement and plan to set aside the funds accordingly. Most of our devices fall in the 4 or 5 year replacement cycle, but others need to be replaced sooner and a few last more than 5 years, so our planning cannot be the same for each year, however, knowing in advance what we need to replace and what investment is needed, helps us have devices that meet our standards at all times.
Director of IT in Manufacturing, 51 - 200 employees
We have very careful planning processes for tech purchases and consider very carefully the anticipated TCO. We also keep some wiggle room, such as redundancy and fail -over plans in the process to prevent surprises. So far our TCO calculations have been spot on. Measure twice - cut once.Director - IT Infrastructure - Databases and eBusiness Specializing in Information Technology in Retail, 1,001 - 5,000 employees
Yes to greater extent Content you might like
Senior Director, Technology Solutions and Analytics in Telecommunication, 51 - 200 employees
Palantir FoundryYes35%
Yes, but not enough, we want/need to ramp up39%
No19%
No, but I expect this will change soon6%
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Definitely, significant cost savings26%
Somewhat, limited cost savings70%
Not really 4%
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Director of IT in Healthcare and Biotech, 501 - 1,000 employees
Overall fit of the provider's services is key in any recommendation when selecting one of the big 3 clouds for any organization. Multi-cloud is significantly more difficult than most companies realize, and selecting a ...read moreChief Technology Officer in Media, 2 - 10 employees
I implemented InTune for our organization, streamlining device management and enhancing security. It greatly improved our end user computing experience.
All licenses, servers, etc have its costs distributed by team (or system) and by FTE.
We have a "rather be roughly right than precisely wrong" approach.