The official business definition of an IT Procurement Strategy is a comprehensive plan that outlines the steps necessary to acquire the IT resources and services needed to support the organization’s objectives. It should be tailored to the specific needs of the organization and should include a detailed evaluation of the current IT infrastructure, an analysis of the organization’s future IT needs, and a plan for procuring the necessary IT resources and services. The strategy should also include a timeline for implementation, a budget for the IT procurement process, and a plan for monitoring and evaluating the results. An effective IT Procurement Strategy should be based on the organization’s overall business strategy and should be regularly reviewed and updated to ensure that it remains relevant and up-to-date. By taking the time to develop and implement an IT Procurement Strategy, organizations can ensure that they are investing in the right IT resources and services to meet their current and future needs.