FIVE CRITICAL LEVERS TO REDUCE COST AND COMPLEXITY
Enterprise architecture CIOs and IT leaders should spend the next six months focusing on current products, services, and underlying processes. Now is the ideal time to invest in an enterprise architecture practice to be a driving force to make that happen. It is unsurprising that the IT department always ends up finding itself in a situation where they tend to pick up every request thrown to them specific to line of business, but in the end, they lack insight into whether the project they are assigned to truly meets the overall business objective. Enterprise architects can help determine if there is a clear overall IT strategy in place and how a request links to the main strategy. Every IT project carries cost elements. Enterprise architecture teams can help identify unnecessary complexity and duplications. In order to maintain an effective EA practice, the following metrics (sample) with help drive immediate results: / Percentage of initiatives that make use of reusable technology components. / Cost savings from enhanced process efficiency. / Percentage reduction in number of projects that accumulate technical debt. / Time to complete IT requests in new territories. Supply chain network optimization CIOs ought to take a proactive approach to collaborate with their supply chain organization, to uncover data within their demand and supply network, to improve resiliency and efficiency during these hard times, and to support customers and partners. / If the enterprise supply chain is not digitized, this is a good opportunity to digitize the business processes and implement the right digital solutions for the business to truly integrate the supply chain network. / Help drive a robust sales and operations planning process to support the organization. Simulate various business scenarios to better prepare for the impact and outcomes.
THE IT LEADER’S RECESSION PLAYBOOK I 2020 © WAVESTONE
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