What is IT Procurement?

IT procurement is a group of processes for the purchase and implementation of information technology (IT) in accordance with organization strategy.

IT procurement definition

An organization that uses IT must have a way to procure the IT products and services it needs to operate. IT procurement practices range from ad-hoc to fine-grained and highly strategic. In general, IT procurement involves a collection of processes that focus on identifying business and strategic needs for IT, selecting the appropriate solutions, and then executing the purchases themselves. There are usually separate processes for new initiatives versus existing IT updates.