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Thursday, September 02, 2010
Thursday, September 02, 2010
Latest Procurement News
Posted: Wednesday, December 09, 2009, 5:19PM
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KNOWLEDGE MANAGEMENT TAGS
"Corporate Social Responsibility", "Technology"
Experts talk up benefits of green procurement and lifecycle management
IT organisations are recognizing increased benefits - more than originally thought - from implementing green initiatives and buying intelligently, new research indicates.Analyst firm IDC notes that, by applying metrics to how the environment is reshaping the IT lifecycle including asset disposal and recovery and recycling, IT organisations are generating "substantial return on investment" (ROI), in addition to lowered risk and liability, increased data security, and environmental stewardship, from "green" activities.
IDC's recent US Green IT survey found the cost of energy to be the overwhelming reason impacting a company's adoption of Green IT. "This gives IT departments a great opportunity to contribute to corporate and national energy reduction goals through Green initiatives like product selection, product design, and product lifecycle management - particularly with regard to end-of-life," noted David Daoud, research manager for Green IT at IDC.
Beyond energy savings, IDC's IT Advisory Tools team was able to validate the benefits associated with the adoption of a Green IT strategy. The team found that distinct IT lifecycle elements, when made greener, become much less costly and more efficient for the organization, thus improving an organisation's ability to sustain long-term pricing and value on their deals.
"IT organisations should revisit the corporate structure linked to hardware lifecycle management. The goal is to move closer to a closed-loop process: this means procurement, IT, facilities, finance, legal, environmental, etc. must all be strategically aligned on the same goals," said Daoud.
"IT organisations shouldn't do it alone. When focusing on end-of-life, ultimately there will be a need to use experts in various areas, from lifecycle management to finance and remarketing."
Procurement Tag - Corporate Social Responsibility, Technology
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