CIOs looking for ways to make budget cuts as a result of the government’s austerity measures could consider a number of areas, suggests Ian Woosey, group IT and e-commerce director at Carpetright. “In the short term, there are a number of areas to look at that don’t require large capex investment, can be done quickly and deliver rapid ROI — other than headcount, which is often the first area people look at.” 1. There are real benefits to be had by talking directly to suppliers. You may be surprised how many are receptive to renegotiating contracts on mutually favourable terms. 2. Telco costs have reduced enormously in recent years. If you haven’t reviewed your voice, data and mobile costs very recently you could be throwing money away. Let people know that you monitor call spend and watch the call costs subsequently drop, especially if you have a clear usage policy in place upfront. Nobody really needs an iPhone, by the way. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe 3. Build in benchmark clauses in contracts that mean you can guarantee you are within X per cent of the market price during the lifetime of a contract. 4. Be suspicious of strategic projects. Strategic is a term often used to mean expensive with a poor business case. 5. Monitor service level agreements (SLAs) with suppliers and enforce penalties. Don’t rely solely on suppliers to tell you how they are doing. 6. Review SLAs. Has anything changed meaning you can relax any without impacting the business? If so, do it. 7. Get rid of individual printers for office-based users. Implement centralised printing hubs — costs drop dramatically and it saves trees as people really do print less. You will be unpopular for a while though. 8. Introduce online auctions for consumables across the business. You can’t lose and I have seen some very impressive results. 9. Beware the benchmarking consultant — use sparingly, if at all. 10. Stop all projects where you personally don’t know why you are doing them. For a detailed account on how Woosey and other CIOs think the Comprehensive Spending Review is likely to affect private sector IT budgets, read Peter Bartram’s feature Spending review will force budget cuts for all CIOs. Related content feature 4 reasons why gen AI projects fail Data issues are still among the chief reasons why AI projects fall short of expectations, but the advent of generative AI has added a few new twists. By Maria Korolov Oct 04, 2023 9 mins Data Science Data Science Data Science feature What a quarter century of digital transformation at PayPal looks like Currently processing a volume of payments worth over $1.3 trillion, PayPal has repeatedly staked its claim as a digital success story over the last 25 years. But insiders agree this growth needs to be constantly supported by reliable technological ar By Nuria Cordon Oct 04, 2023 7 mins Payment Systems Digital Transformation Innovation news analysis Skilled IT pay defined by volatility, security, and AI Foote Partners’ Q3 report on IT skills pay trends show AI and security skills were in high demand, and the value of cash-pay premiums was more volatile but their average value across a broad range of IT skills and certifications was slightly do By Peter Sayer Oct 04, 2023 6 mins Certifications Technology Industry IT Skills brandpost Future-Proofing Your Business with Hyperautomation By Veronica Lew Oct 03, 2023 7 mins Robotic Process Automation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe