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New research reveals that IT departments are the major culprits for maverick spending when it comes to making purchasing decisions.
The research, conducted by Redshift on behalf of Was Digital, found that 78 per cent of the 200 surveyed IT professionals said that procurement hindered rather than helped their department.
One in three admitting to bypassing official purchasing processes as a result of this hindrance.
Where procurement is involved in the process only 19 per cent of IT respondents said that the procurement team actually led on IT cost savings initiatives. This is compared to 43 per cent of procurement claiming that they did.
“IT is a complex spend area, but that is all the more reason that procurement expertise and rigorous policies are brought to bear here,” said Daniel Ball, director at Wax Digital.
“The fact that IT departments often spend without procurement’s oversight makes maverick over-spending likely and could open the organisation up to severe financial and reputational risk.
“Let’s face it, it’s an industry littered with project failures, therefore it’s critical that these two departments look to collaborate more effectively than is obviously the case in many organisations.”
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