MARKIT – Blog

Namaste, India! Markit Expands to the World’s Fastest-Growing Tech Hub

2025-05-22T11:21:27+03:00

A Defining Moment: Markit Launches in India After Years of Dedication

We are proud to announce that Markit is now live in India, our 49th country!

This isn’t just another expansion milestone - it is a result of years of preparation, partnership-building, and persistence. Entering one of the world’s most dynamic and complex markets reflects our deep commitment to sustainable global growth and delivering exceptional procurement solution to our global clients.

India represents a strategic leap forward, and this milestone sets the stage for impactful innovation, closer collaborations, and stronger service delivery in South Asia and beyond.

Next stop, Morocco - Markit goes live in the 48th country!

2024-10-18T13:39:55+03:00

Making October exciting with an update - we’re thrilled to announce that Markit has officially expanded to Morocco, marking our presence now a reality 48 countries of the world!

This milestone reflects our continuous growth and dedication to providing innovative solutions worldwide. We're excited to support businesses in this vibrant market and look forward to this exciting new chapter with our clients.

Markit Expands to New Zealand, HARIKOA!

2024-09-26T18:58:34+03:00

Markit is proud to announce the opening of its newest subsidiary in New Zealand, marking its 47th country of operation. This expansion further strengthens Markit’s global presence, allowing the company to deliver enhanced IT hardware distribution and procurement services to clients in the region. The New Zealand subsidiary will enable local businesses to access Markit’s vast product offerings and benefit from its streamlined, cost-effective platform solution.

A Day of Green Impact: Markit Forest planted in Poland

2024-05-22T10:27:57+03:00

On a spirited day in April 2024, in Poland, a remarkable environmental initiative took place, bringing together community, collaboration, and commitment to nature. Over 50 people, including clients, partners, and Marketeers, joined hands under the guidance of the unique foundation, Las Na Zawsze https://lasnazawsze.org.pl. Our mission was clear and commendable: to plant about 2000 seedlings, transforming 10,000 m2 of land into future thriving forest to grow forever.

FREE REPORT: SUSTAINABLE PROCUREMENT OF IT HARDWARE & ACCESSORIES: CHALLENGES & SOLUTIONS

2023-12-21T21:44:00+02:00

Enjoy Markit's latest free report. Available on SlideShare to read or download.

Markit expansion continues to Colombia

2023-12-01T20:53:38+02:00

We are excited to announce our fourth opening in the LATAM region, in Bogota, Colombia which cements our regional presence and increases our ability to serve a wider range of South American companies.

Colombia is our sixth country of operations to open this year – a Markit record for a year!

In total, at this is moment, Markit is available in 46 countries globally.

INSPIRING SUSTAINABLE IT PROCUREMENT WEBINAR 2023 - REPORT

2023-11-13T09:32:38+02:00

There has been a lot of positive reaction to Markit’s first SUSTAINABLE IT PROCUREMENT webinar which was broadcast live on November 2nd, 2023.

BOOM BOOM! Markit opens in the Philippines and Cyprus

2023-11-08T13:46:39+02:00

Today we announce a new first in Markit's history.

Two new country operations opening in the same month! bringing our global footprint up to 45 countries.

NEW MARKIT FUNCTIONALITY TO SUPPORT SUSTAINABLE IT PROCUREMENT

2023-10-27T03:42:32+03:00

Markit clients can now choose to purchase their IT products even more sustainably than before.

FREE REPORT: RISKS & BENEFITS OF SUPPLIER CONSOLIDATION FOR IT PROCUREMENT

2023-09-18T08:04:52+03:00

Enjoy Markit's latest free report. Available on SlideShare to read or download.

Carefully assessing the risks and advantages of supplier consolidation is crucial to determine whether the benefits outweigh the potential downsides in your unique IT procurement situation. This report provides a comprehensive view of both viewpoints and explains how marketplaces can be leveraged to maximize the advantages of consolidation.

Content covers the following:

MARKIT’S LATAM PRESENCE GATHERS PACE WITH EXPANSION TO CHILE

2023-09-07T06:23:49+03:00

We are thrilled to announce Markit is now in Chile - our 43rd country of operations.

Our presence in Chile (Markit’s 3rd country in the LATAM region) contributes significantly to our regional knowledge and client serving capacity.

Moien Luxembourg!
Markit ‘s Expansion Continues

2023-05-05T07:40:29+03:00

Luxembourg, one of the world’s major financial and business centres, is our 42nd Markit country of operation and another step towards total European coverage (we are now present in 24 European countries.)

Danone - Building USERS’ independence in the purchasing process

2023-04-19T08:34:36+03:00

Danone’s old IT procurement system was not as user friendly as it could have been, and Karolina Tojak, IT Support Specialist PBN was given a green light to fill the gaps in efficiency and other aspects of their procurement process.

MARKIT FORUM 2023 FULL REPORT WITH SPEAKER PRESENTATION LINKS

2023-04-12T12:52:07+03:00

The reaction to the content shared at Markit Forum 2023, live IT procurement events held in Tallinn, Estonia and Warsaw, Poland (and broadcast live online through Hopin) has been extremely positive.

An engaging and detailed set of presentations on topics relevant to international companies seeking to optimise their procurement of IT hardware and accessories were given by Markit clients:  Danone, BCG (Boston Consulting Group), Cabot, Hurtigruten, CBRE, and Zoetis.

More than 400 procurement professionals from over 35 countries attended either in person or online.

In the opening keynote, Markit’s Head of Global Accounts, Margus Vahemäe summarized Markit Forum as a niche event which delves into how the IT supply chain works and ways to resolve the complexities of indirect IT procurement on an international scale.

Watch Margus deliver the Markit Forum 2023 opening keynote on video now.

CBRE - Gaining control over CAPEX and OPEX expenditure in IT procurement

2023-04-19T13:55:12+03:00

Markit Forum 2023 delegates were treated to a seriously deep, and expert, dive into the world of expenditure control by Robert Maliszewski, Head of CEE IT FTS at CBRE (Worldwide Real Estate Services Leader).

There is no way this short post can do justice the volume of details shared, so we strongly recommend that you view the video presentation for yourself.

Hurtigruten: Steering procurement from local to global in a 130-year-old cruise tourism company

2023-04-12T09:21:04+03:00

It has been said that indirect IT (Information Technology) procurement is complex.

Just imagine then how complex it would be to ensure IT supplies had to be delivered to cruise ships travelling form port to port around the globe, in a cost efficient and timely manner without excessive maverick/rogue spend.

That is the case at Hurtigruten and if there was an award for “demonstrating unique complexity” at Markit Forum 2023 then surely, the presentation by would be favourites to win it.

Zoetis - Vendor Relationship Management

2023-04-11T09:10:17+03:00

Paraphrasing his words, here was the story that Tomasz Cichocki (Client Productivity Services Senior Manager at Zoetis Tech & Digital PC Lifecycle, M&A integrations) shared at Markit Forum 2023.

Cabot - Digital IT procurement and the benefits of punchout

2023-04-11T08:19:28+03:00

George Bakker is the Buyer Manager at Cabot, a global specialty chemicals and performance materials company. His detailed presentation at Markit Forum 2023 was highly notable for its level of transparency of the KPIs (Key Performance Indicators) Cabot use in procurement and the results they have achieved so far.

BCG - Overcoming Challenges of the Global Partner Model in IT Procurement

2023-04-11T07:43:03+03:00

Damian Krawczyk is the IT Manager for the CEE System at BCG (Boston Consulting Group) and at Markit Forum 2023 he took us on an enlightening journey showing how BCG deal with the complexities of choosing, vetting, and working with global vendor partners.

SUMMARY REPORT: Markit Forum 2023
International IT procurement event

2023-03-20T14:41:21+02:00

Feedback has been great for Markit Forum 2023, a hybrid IT procurement event that was held live in Warsaw, Poland and Tallinn, Estonia and online on the 14th of March.

Markit Forum was opened with keynote from Margus Vahemäe, Head of Global Accounts at Markit who outlined Markit's continued strong growth and success in helping clients save time and money on their procurement of IT hardware and accessories in 41 countries; our sustainability credentials; and plans for further expansion across 6 continents.

HELLO MALAYSIA!
MARKIT'S APAC EXPANSION CONTINUES

2023-03-15T15:15:05+02:00

After opening in South Africa just a few months ago, we are excited to announce our latest expansion step.

Markit is now open for business in Kuala Lumpur, Malaysia to strengthen our presence, and support growing client demand, in the APAC region.

Markit is now available in 6 countries in the APAC region: Australia, China, Indonesia, Hong Kong, Malaysia and Singapore.

INTERNATIONAL IT DEVICES PROCUREMENT
OUTLOOK 2023

2023-02-17T07:21:12+02:00

Enjoy Markit's latest free report. Available on SlideShare to read or download.

HELLO AFRICA!
MARKIT IS NOW PRESENT ON 6 CONTINENTS

2022-12-29T10:16:11+02:00

Markit has opened in Johannesburg, South Africa, to support growing client demand and continue its investment in global expansion.

Markit’s United Nations Global Compact Communication on Progress 2022

2022-11-08T14:23:03+02:00

In our first UNGC Communication on Progress, we transparently set out where we are, and the road we are travelling on to help make the world a better place, in our own small, but significant ways – Markit style.

Special Pricing Challenges in IT Procurement

2022-11-04T10:02:13+02:00

On the face of it, negotiating global special pricing agreements with IT manufacturers is a “no-brainer” but there are pitfalls to look out for, and alternatives to consider.

Some important questions arise when we look at the basis for special price agreements.

One assumes that price trends are upwards but that is not always the case.

Validation of CPO Priority Shifts in 2022

2022-08-01T07:58:28+03:00

Markit pays careful attention to the shifting priorities and requirements of CPOs and those responsible for IT procurement within multinational companies. By fully understanding the changes we can fine tune the individualised solutions we offer and ensure we continue to help our clients successfully save time and money on their global IT hardware and accessory requirements. To keep up to date we commission analyst reports, study publicly available research and attend industry events e.g. The World Procurement Congress, where Markit was nominated as a finalist at the 2022 World Procurement Awards.

Here is a summary of key CPO priority information found in the public domain, from respected industry sources.

SAP identified the top 10 issues facing procurement leaders in 2022 and how to solve them based on looking at the combined data found in two CPO priority related reports (the benchmarking study: Sizing Up the Procurement Digital World Class™ Advantage by The Hackett Group, and The Deloitte Global 2021 Chief Procurement Officer Survey

Additionally, 11 CPO interviews made by Heidrick & Struggles further validate the above research. Coincidentally over half of the CPOs interviewed work at companies who are Markit clients.

MARKIT SUMMIT 2022 - KINDNESS IN ACTION

2022-07-14T10:06:48+03:00

In May 2022, more than 150 of our beloved Markiteers gathered in Cologne, Germany for our annual Markit Summit.

The sun was shining. Positivity and kindness were in the air. It was to be the start of a unique and memorable set of experiences.

Given the horrific war in Ukraine and pressing climate change issues it was clear the Markit 2022 Summit would be quite different to previous years. The agenda was transformed to focus on one of Markit’s key values: KINDNESS

The Secret Lives of Markiteers

2022-07-07T12:20:53+03:00

Markit celebrates diversity

The Drive for Sustainable IT Packaging

2022-04-25T02:28:10+03:00

We all know that natural resources are not infinite, and most people (and companies) would like to buy IT goods that are guilt-free. This is challenging if a product’s packaging goes way beyond what is necessary to protect the product within. Excessive plastic packaging especially contributes significantly to unrecyclable waste.

Markit – World Procurement Awards Finalist – Again!

2022-03-28T12:14:07+03:00

MARKIT RESPONSE TO THE WAR IN UKRAINE

2022-03-21T10:55:31+02:00

As the tragedies surrounding the war in Ukraine unfold, Markit is providing carefully planned and transparent support to:

Ukrainians in need of humanitarian assistance
Our affected employees and their families

Our clients

UPDATE 22.02.2024 Read how Markit and German non-profit Blau-Gelbes Kreuz (Yellow-Blue Cross) helped pack and deliver 90,000 euros of humanitarian aid to east Ukraine.

Markit supports Ukrainian victims of the conflict

So far Markit has donated 100,000 euros in total across three organisations:

Satisfying Procurement Priorities in Fast-Growing Companies

2021-12-16T10:35:28+02:00

Read the Satisfying Procurement Priorities in Fast-Growing Companies report now. (Free access).

Founders and CEOs of fast-growing companies unsurprisingly crave (manageable) fast growth, often more than anything else.

This can mean massive funding rounds and resulting in high valuations, hiring of top talent, finding sufficient time to focus on more strategic tasks, as well as tuning the all-important processes to build great products and services, which can scale internationally.

A key part of the growth challenge is ensuring that team members can get access to competitively priced, high quality IT equipment, often very quickly.

Milestone: 4 million unique IT products now available from the Markit IT marketplace

2021-08-16T07:21:58+03:00

Thanks to further integration of leading international IT distributors in 37 countries, our global clients now have access to over 4 million IT products (unique SKUs) from the Markit IT marketplace.

IT PROCUREMENT: Value redefined, delivered and protected

2021-08-04T07:45:39+03:00

In Chapter 1 (Value redefined, delivered and protected) of the Deloitte Global Chief Procurement Officer Survey 2021 (Agility: The antidote to complexity) there are three highlighted points related to CPO priorities in 2021 that resonate with us here at Markit.

Markit Expansion Plans 2021

2021-06-17T05:27:19+03:00

Last year, despite the Covid-19 influence we managed to expand to Mexico, Brazil, and Serbia.

Alantra: Solving IT procurement with speed and efficiency

2021-06-02T12:47:14+03:00

In his Markit Forum Virtual 2021 presentation “Solving procurement with speed and efficiency”, Javier Fernández (Head of IT) at Alantra explained how his team identified and solved the pain points in their global IT procurement program.

REPORT: Markit Forum Virtual 2021
International IT procurement event

2021-06-02T12:46:52+03:00

There were so many positives about Markit Forum Virtual 2021 in May, that it’s hard to know where to start!

A brilliant set of presentations were given by Danfoss, Western Union, SEB, Revolut, Greenube, Alantra, Lenovo, Jabra, and Context covering a diverse range of topics relevant to international companies seeking to optimise their procurement of IT hardware and accessories.

Revolut: Managing procurement while building a hybrid-work company of the future

2021-06-02T12:47:37+03:00

The pandemic has accelerated digital adoption and companies are being forced to “go hybrid” due to restrictions. Revolut's progress in this area is advanced and so the methodology and tips they shared at Markit Forum Virtual 2021 could be particularly valuable to us all.

Western Union: 6 Principles for Success - Navigating a Changing World

2021-06-02T12:47:54+03:00

Western Union, experts in the art of change for 170 years, famous for innovation (the telegram, stock ticker, telex, the first company to commission a satellite) and a global money mover, present in over 200 countries, were represented at Markit Forum Virtual 2021 by Andreas Byrne, Vendor Relations.

SEB: Taking a diverse approach to procurement

2021-06-02T12:48:29+03:00

At Markit Forum Virtual 2021 Māris Modriņš (Head of Baltic Procurement) and Andris Korčagins (Head of Workplace) from SEB Bank, one of Markit’s longest standing clients (17 years) shared the stage in a free-flowing open discussion-with Aleksandrs Meļņikovs, Country Manager at Markit Latvia

What followed was a transparent explanation of how and why SEB is taking a diverse approach to procurement and separating vendor from partner tendering brings additional value.

Greentube: How user-centric procurement can drive innovation and influence employee satisfaction

2021-05-31T09:00:58+03:00

It is an old saying that employees are a company’s most valuable asset.

It has been heard many times but it is almost unheard of that this philosophy lies at the core of a company’s IT procurement strategy.

Danfoss: How to Make Your Procurement Future – Proof?

2021-06-02T12:48:53+03:00

Danfoss demonstrated true leadership in the procurement industry when Joanna Siemiatkowska, Global Project Manager, presented “How to Make Your Procurement Future - Proof?” at Markit Forum Virtual 2021 in front of hundreds of IT procurement experts, globally. What a superb presentation. It is no wonder Danfoss’s ongoing project with Markit was a finalist in the World Procurement Awards.

IT Landscape Report 2021 (Free)

2021-03-01T10:05:44+02:00

Markit has contributed special feature content about the role of B2B IT marketplaces in IT procurement to the recently released IT Landscape Report 2021.

The IT Landscape report maps the opportunities for IT sourcing, partnerships and investment across 28 countries in Central and Eastern Europe, as well as Central Asia.

2021 State of IT Report on IT Budgets and Tech Trends

2021-02-19T08:54:22+02:00

The excellent, in-depth Spiceworks Ziff Davis 2021 State of IT Report on IT Budgets and Tech Trends (based on 1,073 IT buyer interviews conducted in June & July 2020) shares numerous findings relevant to B2B IT buyers in general and contains data of special importance to indirect IT procurement specialists.

Markit Case Study Recognised by the Sustainable Purchasing Leaders Council

2021-02-15T12:35:39+02:00

Access the case study on SlideShare

On Thursday, January 28, 2021, the Sustainable Purchasing Leadership Council (SPLC) recognised seven organisations and one individual at the Council’s annual awards ceremony for their significant leadership in executing and supporting sustainable purchasing initiatives.

Markit’s 2020 Performance – 5 Key Results

2021-02-04T08:14:04+02:00

In a recent post we described Markit’s key activities and positive highlights from 2020 - in this one we look at Markit’s 2020 performance in actual results.

FREE REPORT: HOW KEY PROCUREMENT PREDICTIONS FOR 2021 IMPACT THE INDIRECT IT CATEGORY

2021-01-22T05:40:24+02:00

Based on analysis of a numerous dozens of reported procurement predictions from leading specialists, this latest Markit report compiles and summarises 9 frequently predicted trends for procurement in 2021 and suggests how these may impact indirect IT procurement specifically. It includes suggestions for further evaluation of which strategies and activities to employ to survive and thrive in 2021.

Read the report for free on Sildeshare or download from the Procurement Leaders marketplace.

MARKIT 2020 – The Year in Focus

2021-01-07T14:45:34+02:00

As for every company, 2020 was quite different to any other year - but it has forced innovation and agility and, at the same time, clearly proved the resilience of Markit’s business model, the attractiveness of our solution to international companies the amazing adaptability of our 129 Markiteers.

First Ever VIRTUAL Markit Summit - and the Importance of Cake in Online Conferences!

2020-12-04T11:51:49+02:00

The pandemic has forced businesses into even more virtual environments, whether it's for client, partner or internal meetings, trainings or industry conferences and seminars.

New Markit Spain Office Opens in Barcelona

2020-11-13T11:54:24+02:00

To meet increasing demand for time and cost saving IT purchasing solutions in Spain, Markit Spain has opened a new office at C/Vilamarí, 110-112 PB2 in the heart of Barcelona.

Markit - MOTIVATED TO WIN GLOBAL RECOGNITION

2020-11-10T11:57:35+02:00

Last week at the World Procurement Awards we found out that Markit didn’t win the Specialist P2P Solution Provider award. It was disappointing, there’s no hiding that fact.

MARKIT CEO PRESENTS AT WORLD PROCUREMENT CONGRESS 2020

2020-11-05T07:13:42+02:00

To complement Markit’s recent report Optimising Indirect Procurement With Marketplaces, Andres Agasild, Markit CEO & Co-Founder, gave a presentation (MARKETPLACE AS A SUPPLIER: TRANSFORMING INDIRECT PROCUREMENT) to more than 100 CPOs and other procurement experts from around the globe at the World Procurement Congress Virtual 2020.

Full slide deck from Andres's presentation available on SildeShare.

Markit – LIVE at the World Procurement Congress 2020

2020-11-02T11:21:16+02:00

Every year the procurement industry’s premium event, the World Procurement Congress by Procurement Leaders, attracts thousands of procurement professionals from around the globe. It brings together CPOs, procurement solution providers, industry leaders and experts from the fields of category procurement, sustainability, and digital transformation.

FREE REPORT - OPTIMISING INDIRECT PROCUREMENT WITH MARKETPLACES

2020-10-19T09:27:39+03:00

The Pros, Cons and Pitfalls of Using B2B Marketplaces for International Indirect Procurement

Assessing IT Marketplace Credibility – 11 Success Stories

2020-09-22T07:48:00+03:00

As the digital age advances and the pandemic forces more businesses to buy and sell online, more and more companies looking to buy IT hardware and accessories are looking for the optimum solution. As such, IT and other B2B marketplaces, are also coming under closer scrutiny, and rightly so.

HP & Markit Success Story

2020-08-27T13:40:26+03:00

Markit and HP have been working together since Markit was founded in 2003. The cooperation and partnership has grown over the years and Markit has achieved SILVER Partner status in 24 countries and GOLD Partner status in 10 more.

Over 1500 international companies use Markit on regular and daily basis to source HP products.

FREE MARKIT REPORT: HOW TO SAVE TIME ON YOUR IT SOURCING AND PURCHASING

2020-08-07T10:03:01+03:00

THE TOP PRIORITY FOR PROCUREMENT ORGANIZATIONS IN 2020 IS REDUCING THE TOTAL COST OF PROCUREMENT.

Source: Achieving Procurement Excellence in the Age of Digital Disruption by The Hackett Group

In IT Procurement, Trust Matters More Than Ever Before

2020-05-13T11:19:55+03:00

In a previous post we talked about how customer service agility during the crisis will affect how suppliers’ reputations will be judged when the dust has settled. In this post we look closer into the trust factor and how Markit and other reputable suppliers are building it.

Client Service Agility in Post-Crisis International Procurement

2020-05-05T13:51:00+03:00

Trust and loyalty are earned - not demanded or claimed. Every international supplier (not just of IT devices) will need to step up a level to come out of the crisis on a positive note. When CV-19 and the ensuing recession become a memory, our clients, and yours, will remember how they were treated during the crisis. Will it be for our empathy, care and genuine concern for the issues they faced? Or will it be for how we sought to take advantage of the situation for profit or competitive advantage?

MARKIT SOLVING IT SHORTAGES FOR THOUSANDS OF PUBLIC & PRIVATE ORGANISATIONS

2020-04-22T12:56:33+03:00

GLOBAL IT NOW is Markit’s new tool helping to solve IT hardware and accessory shortages for thousands of European companies during the crisis.

How to Recession Proof Your IT Purchasing Requirements

2020-04-17T08:36:18+03:00

Last year there were numerous warning and surveys supporting the idea that a recession was possible or even probable during 2020. Though making predictions about global economy is always tricky the global politics, tariff wars and the end of a boom cycle were cited as the possible triggers. CV-19 crisis has made sure that a global recession is inevitable in some shape or form.

Very few businesses will escape short or long-term disruption but as so much has been written about that, let’s instead focus on three things seem certain in the short-to-medium term.

The Indirect IT Procurement Dilemma - Solved

2020-04-14T10:40:19+03:00

Report first published in Procurement Leaders Marketplace which contains the profiles of leading procurement service providers, as well as a library of free, leading-edge content.

It's been suggested in procurement industry circles around one-third of global supply chains could be localised as a result of COVID-19 disruption and so international companies face a dilemma and the COVID-19 crisis has highlighted a long standing issue.

How can businesses achieve the obvious goal to consolidate their IT hardware and accessory suppliers (to save time and money) and at the same time have multiple suppliers at a local level?

7 IT Procurement Case Studies & Success Stories

2020-04-02T11:26:08+03:00

Finding a reliable and flexible international supplier of IT hardware and accessories is essential, whether it’s for remote working set ups or to maintain/advance critical or strategic projects. Markit's world class IT procurement solution has been helping clients in 34 countries succeed in consistently reducing the time and money they spend on purchasing IT hardware and accessories since 2003.

MARKIT OPERATIONS DURING COVID-19 CRISIS

2020-03-25T09:53:02+02:00

The disruptive, and sometimes devastating, impact Covid-19 is having on our families, businesses and the communities in which we live could not have been predicted in full, but it is time to face the facts and stand up for each other and be part of the solution.

At Markit, we are helping our clients succeed in dealing with the IT procurement issues they are facing right now.

We can also help you if you find yourself in a similar situation.

Markit Shortlisted for World Procurement Awards 2020

2020-03-16T12:50:20+02:00

This year Markit entered the World Procurement Awards for the first time and we have been shortlisted for the final in the P2P Specialist Provider Category!

IT Trends 2020 – Finance, Tech and Procurement Alignment

2020-02-20T12:13:08+02:00

Deloitte’s 11th annual Tech Trends report provides rich insights for the digital journey lying ahead for every company. The key findings affect us all one way or another and in larger enterprises, they will drive significant change and transform business in unpredictable ways.

We are still digesting the details of this 132-page report but for now we can draw attention to a couple of noteworthy points relevant to IT procurement, our field of expertise.

Bridge Over Troubled Water

2020-02-19T10:22:21+02:00

Findings from the 2020 Future of Leadership Global Executive Study and Research Project, published by Massachusetts Institute of Technology (MIT), confirm what’s widely acknowledged - numerous international companies are struggling with digital transformation. It contentiously reports that many business leaders themselves are a bottleneck and are out of touch with what it will take to win, and to lead, in the digital economy. This may make uncomfortable reading for international company leaders and while it’s important for them to “face the facts”, we must ask ourselves as partners/suppliers:

What can we do to help them succeed in dealing with troubled waters?

Before we suggest a helpful and practical approach, let’s look at the issues that leaders are facing, according to MIT’s report.

IT Sourcing - Performance with Sustainability

2020-02-14T12:19:59+02:00

From the start of 2020, Markit now provides seven environmental filters in the Markit IT catalogue to serve the growing demand from international companies who are working towards making their supply chains more sustainable and eco-friendlier by purchasing quality IT hardware and accessories that meet internationally recognised environmental standards.

Impacts of Automation and Digitisation on Finance and Procurement

2020-02-03T08:44:59+02:00

IT procurement automation is a cause close to our hearts at Markit – during 2019, 61% of the 200,000+ orders for IT hardware and accessories that we received from 9,500+ clients across 34 countries...were automated.

Markit France Joins Club Decision DSI

2020-01-31T10:33:41+02:00

Markit France has been welcomed as a partner member to Club Decision DSI, the largest independent European CIO organization in its field.

Spend Control as a Value Driver for Procurement Transformation

2020-01-30T15:30:11+02:00

This winter’s issue of CPO Strategy Magazine features an exclusive with KPMG's Chief Procurement Officer, Martin Lee, where he explains how their procurement transformation, and spend control especially, bring value for KPMG.

Punchout for IT Hardware and Accessory Purchasing: Markit Credentials

2020-01-24T09:33:17+02:00

Punchout integration for indirect IT device procurement is on the rise. We discussed the trend and the some of the reasons for it in this recent post: Punchout Catalogue Integration.

We decided to have closer look at the level of our clients’ IT purchasing activities through punchout and whilst we can’t disclose individual client details for confidentiality reasons, we can share these numbers.

Indirect IT Procurement Plans 2020

2020-01-15T09:19:50+02:00

It’s almost a year since Gartner published its white paper “Procurement 2020: Your Action Plan to Prepare Now” and while CPOs will already have their 2020 plans in place by now it’s still worth considering some of Gartner’s “procurement shift” recommendations and how they could complement your own indirect IT device procurement plans this year.

McKinsey & Co. Understand Indirect IT Procurement’s Future

2020-01-07T10:50:09+02:00

It’s not too often that we see an article or report that really grasps the future of IT indirect procurement, but this one: How B2B online marketplaces could transform indirect procurement by Pierre de la Boulaye, Mauro Erriquez, Alejandra Jiménez Iribarren, and Fabio Russo at McKinsey & Co. really nails it. Hats off to them.

IT Procurement Can Go Greener

2020-01-03T15:01:16+02:00

MARKIT 2019 – The Year in Focus

2019-12-30T15:08:14+02:00

It’s been another excellent year at MARKIT, a year about consolidation, expansion and of getting even better at helping our clients succeed in reducing their total cost of IT purchasing. A lot of time and money has been focused on enhancing the Markit IT purchasing system, growing the marketplace and developing back end infrastructure. These positive steps have helped push our average NPS (client satisfaction rating) up to 64.5. We move onwards and upwards towards 70%. The sign of truly world class performance. Looking back here are some of the key highlights of 2019, with links for further reading.

Markit Serbia is Open for Business

2019-12-30T13:51:56+02:00

An important part of the Balkan IT purchasing puzzle has been solved for many Markit clients thanks to the opening of Markit Serbia operations in Belgrade.

The IT Procurement Savings Trap – Report from Procurement Leaders APAC Congress 2019

2019-12-13T08:05:09+02:00

We’ve been banging the value creation drum for over a decade now, since 2003 to be precise and it’s not only us. Steve Hrubala, chief property & procurement officer at the National Australia Bank Group, is one of a number of procurement thought leaders who’s thinking is in tune with ours – or vice versa :) Steve was speaking at The Asia Pacific Procurement Congress 2019 in Singapore recently. Markit was supporting the event and Gregor Fürst, Markit Austria’s Country Manager, went along to hear him speak and was impressed.

Companies Are Taking a Step-by-Step Approach to Digitising IT Procurement

2019-12-10T12:29:20+02:00

At Markit we are seeing growing interest from large international companies who want or need to save time and money on their IT purchasing requirements and processes. Indeed, most companies have, or should have by now, some form of digital procurement strategy to manage their IT spend in action or at the preparation stage.

Saudi Telecom Company Win Procurement Leaders APAC External Collaboration Award 2019

2019-12-04T14:31:20+02:00

Congratulations to Saudi Telecom Company’s procurement team! In Singapore last week, Saudi Telecom Company’s (STC), lead by Head of Technology Procurement, Hani AlSaigh beat off strong competition to win the Asia Pacific Procurement External Collaboration Awards 2019. The award is a validation of STC's drive to be world class and decision to benchmark themselves against the best in the industry.

Productivity as a Competitive Advantage

2019-12-04T09:28:33+02:00

Markit CEO, Andres Agasild recently spoke at SEB’s Baltic CFO Forum 2019 about productivity as a competitive advantage. The Forum is a good example of SEB’s Mission in action.

Are EMEA Procurement Leaders (Still) Lacking Support?

2019-11-29T13:43:25+02:00

Based on findings from recent surveys we have to ask... Are some EMEA procurement professionals not feeling as supported, as they would like to be, by executives within their own companies? Is so, we empathise with them, procurement is at a critical juncture in time – the rise and prevalence of digital solutions and the pressure to deliver savings in an uncertain macroeconomic climate means they need support more than ever.

From USA to China – Markit's Global Reach

2019-11-19T09:16:58+02:00

Let’s face it, China and USA are huge. Huge markets and logistically challenging too due to the massive distances involved. Even though we have experience of setting up operations in 33 countries already, China and USA are special cases and present unique challenges.

Corporate Immune Systems are Stifling Innovation in Procurement

2019-11-14T12:43:53+02:00

“The Three Markiteers” went to London - our Italian and French Country Managers Giorgio Luciani and Steve Barraud plus Head of Sales, Margus Vahemäe - where Markit participated as a showcase partner at Procurement Leaders’, Data Intelligence & Technology Forum on 6-7 November.

Markit Leads the IT Procurement Discussion in Poland

2019-11-13T12:37:32+02:00

Jon Kolasinski, Country Manager at Markit Poland led a round table discussion focusing on global trends in IT procurement at Poland’s largest procurement event, Procon/Polsak 2019.

Markit Wins Gold Key Award in Norway

2019-11-13T11:41:39+02:00

“The award for this year's business transformer goes to a reseller who has so far been the largest in IT, but who now wants to take a bigger role in telecoms. Markit is a solid reseller that delivers very good results and has won great tenders.”

Inch by Inch, the CPO Transforms - Digitally

2019-10-29T07:17:01+02:00

CPOs who want to lead their companies on an ambitious, disruptive and profitable journey would be wise to start in areas where gains are easily demonstrated and to collaborate with an experienced partner.

Industry Opinion: How Should CPOs and CIOs Evaluate Enterprise Solutions?

2019-10-15T10:23:01+03:00

A recent article on CPO Rising by Andrew Bartolini & Matthew York of Ardent Partners talks about reviewing enterprise technology and we take that to include reviewing possible IT purchasing solutions.

Markit & Sogefi Claim Top Spot at CIO Conference

2019-10-09T11:08:03+03:00

Markit’s message describing how international companies can reduce their total cost of IT purchasing went down very well at the CIO event “"The DSI, from cost killer to FinOps - Optimize budgets and service levels" in Paris last week

Markit Expansion Plans: Brazil, India, Indonesia and Serbia Next

2019-10-08T08:09:17+03:00

Looking at the interactive map below you can see Markit is active in 33 countries where we fulfil the IT purchasing requirements of 8000+ international clients, including 20%+ of the Global Forbes 2000.

Markit Partners with the Data Intelligence & Technology Forum 2019 in London

2019-10-03T10:07:49+03:00

Join us in London at the Procurement Leaders, Data Intelligence & Technology Forum 6-7 November and save 15% off the registration fee with VIP code DIT19MK.

Markit Fully Compliant with SCA Requirements

2019-10-02T13:05:52+03:00

As of September 14, 2019, Strong Customer Authentication (SCA) requirements, part of the revised EU Revised Payment Services Directive (PSD2) regulations, mandate that additional authentication measures be performed on applicable online transactions in the EEA.

Punchout Catalogue Integration

2019-09-26T11:16:04+03:00

Punchout integration is increasingly demanded as must-have functionality for any B2B IT provider as clients seek to automate online IT purchasing to save time and money.

Transparent IT Purchasing: From Data to Insights to Action and Results

2019-09-25T14:03:40+03:00

The ideal indirect IT purchasing solution incorporates various transparency components.

Asia Pacific Procurement Awards 2019 Shortlist

2019-09-17T13:14:20+03:00

We are happy to announce that Markit is supporting the Asia Pacific Procurement Awards again for second year running!

Digital Procurement Reports 2018-9

2019-08-15T12:57:29+03:00

We read a lot of digital and IT procurement reports, white papers etc. It’s important to keep up with the trends in IT purchasing. To save you some time here are some of the key take outs from 3 important 2018/9 reports based on surveys related to digital procurement.

Innovation and Value in Digital Procurement

2019-08-06T07:15:21+03:00

According to The Deloitte Global Chief Procurement Officer Survey 2018 (504 procurement leaders from 39 countries took part, representing organisations with a combined annual turnover of $USD5.5 trillion.) a clear shift in procurement focus towards innovation and value requires an acceleration in the pace of change especially in leadership, talent and digital procurement.

Why E-auctions Fail for International IT Hardware and Accessories Purchasing

2019-08-01T10:53:12+03:00

Reverse auctions in B2B purchasing are on the rise, there’s no denying that.
There is an important role for reverse auctions for some products and circumstances, but not for IT hardware and accessories.

Understanding Maverick Spending in IT Purchasing & Procurement

2019-07-16T14:48:44+03:00

Based on client feedback, and data analysis of indirect IT procurement spending, by 1000+ companies over the past 10 years, Markit has identified the causes and trends in maverick IT spending.

Markit 2018 Performance Results and Future Outlook

2019-06-27T10:15:03+03:00

After another successful year of significant and profitable growth we reached and surpassed and important target in 2018 - completing a vision we held for 10 years! 100 million euros revenue with 100 people. By the end of the year revenue reached 111.8 million euros, up 20% from 93.4M on 2017. Sales came from 180,000+ orders across 33 countries where Markit is the leading IT procurement solution for thousands of companies.

Markit global HQ is moving in 2020 to Porto Franco Tallinn

2019-05-27T22:25:44+03:00

Porto Franco and Markit Holding AS signed an agreement for the new office of Markit to be located in Porto Franco. It will be opened in the autumn of 2020, when the construction of the centre is completed. Markit moves to Porto Franco to an area of 850 m²which has magnificent view of the sea.

Markit IT Purchasing Solution Now Available in Mexico

2019-06-27T10:37:54+03:00

Our international expansion continues to Mexico as we seek to increase our North American footprint and serve the demand from our growing base of Forbes Global 2000 clients.

IT Purchasing Just Got Easier. Faster. More Efficient.

2019-06-27T10:26:27+03:00

Just because Markit is already trusted both by a growing number of Fortune 500 / Forbes Global 2000 companies in 33 countries doesn’t mean we can’t improve.

Markit APAC Expansion Brings Transparent IT Procurement to Singapore & Australia

2019-06-27T10:46:43+03:00

Q4 2018 marked Markit’s first steps into the APAC region with openings first in Singapore (November) and then Australia (December).

MARKIT – Blog

Namaste, India! Markit Expands to the World’s Fastest-Growing Tech Hub

A Defining Moment: Markit Launches in India After Years of Dedication

Next stop, Morocco - Markit goes live in the 48th country!

Markit Expands to New Zealand, HARIKOA!

A Day of Green Impact: Markit Forest planted in Poland

FREE REPORT: SUSTAINABLE PROCUREMENT OF IT HARDWARE & ACCESSORIES: CHALLENGES & SOLUTIONS

Markit expansion continues to Colombia

INSPIRING SUSTAINABLE IT PROCUREMENT WEBINAR 2023 - REPORT

BOOM BOOM! Markit opens in the Philippines and Cyprus

NEW MARKIT FUNCTIONALITY TO SUPPORT SUSTAINABLE IT PROCUREMENT

FREE REPORT: RISKS & BENEFITS OF SUPPLIER CONSOLIDATION FOR IT PROCUREMENT

MARKIT’S LATAM PRESENCE GATHERS PACE WITH EXPANSION TO CHILE

Moien Luxembourg!​​​​​​​Markit ‘s Expansion Continues

Danone - Building USERS’ independence in the purchasing process

MARKIT FORUM 2023 FULL REPORT WITH SPEAKER PRESENTATION LINKS

CBRE - Gaining control over CAPEX and OPEX expenditure in IT procurement

Hurtigruten: Steering procurement from local to global in a 130-year-old cruise tourism company

Zoetis - Vendor Relationship Management

Cabot - Digital IT procurement and the benefits of punchout

BCG - Overcoming Challenges of the Global Partner Model in IT Procurement

​​​​​​​SUMMARY REPORT: Markit Forum 2023​​​​​​​International IT procurement event

HELLO MALAYSIA!MARKIT'S APAC EXPANSION CONTINUES

INTERNATIONAL IT DEVICES PROCUREMENTOUTLOOK 2023

HELLO AFRICA!​​​​​​​​​​​​​​MARKIT IS NOW PRESENT ON 6 CONTINENTS

Markit’s United Nations Global Compact Communication on Progress 2022

Special Pricing Challenges in IT Procurement

Validation of CPO Priority Shifts in 2022

MARKIT SUMMIT 2022 - KINDNESS IN ACTION

The Secret Lives of Markiteers

Markit celebrates diversity

The Drive for Sustainable IT Packaging

Markit – World Procurement Awards Finalist – Again!

MARKIT RESPONSE TO THE WAR IN UKRAINE

Markit supports Ukrainian victims of the conflict

Satisfying Procurement Priorities in Fast-Growing Companies

Milestone: 4 million unique IT products now available from the Markit IT marketplace

IT PROCUREMENT: Value redefined, delivered and protected

Markit Expansion Plans 2021

Alantra: Solving IT procurement with speed and efficiency

REPORT: Markit Forum Virtual 2021​​​​​​​International IT procurement event

Revolut: Managing procurement while building a hybrid-work company of the future

Western Union: 6 Principles for Success - Navigating a Changing World

SEB: Taking a diverse approach to procurement

Greentube: How user-centric procurement can drive innovation and influence employee satisfaction

Danfoss: How to Make Your Procurement Future – Proof?

IT Landscape Report 2021 (Free)

2021 State of IT Report on IT Budgets and Tech Trends

Markit Case Study Recognised by the Sustainable Purchasing Leaders Council

Markit’s 2020 Performance – 5 Key Results

FREE REPORT: HOW KEY PROCUREMENT PREDICTIONS FOR 2021 IMPACT THE INDIRECT IT CATEGORY

MARKIT 2020 – The Year in Focus

First Ever VIRTUAL Markit Summit - and the Importance of Cake in Online Conferences!

New Markit Spain Office Opens in Barcelona

Markit - MOTIVATED TO WIN GLOBAL RECOGNITION

MARKIT CEO PRESENTS AT WORLD PROCUREMENT CONGRESS 2020

Markit – LIVE at the World Procurement Congress 2020

FREE REPORT - OPTIMISING INDIRECT PROCUREMENT WITH MARKETPLACES

Assessing IT Marketplace Credibility – 11 Success Stories

HP & Markit Success Story

FREE MARKIT REPORT: HOW TO SAVE TIME ON YOUR IT SOURCING AND PURCHASING

THE TOP PRIORITY FOR PROCUREMENT ORGANIZATIONS IN 2020 IS REDUCING THE TOTAL COST OF PROCUREMENT.

In IT Procurement, Trust Matters More Than Ever Before

Client Service Agility in Post-Crisis International Procurement

MARKIT SOLVING IT SHORTAGES FOR THOUSANDS OF PUBLIC & PRIVATE ORGANISATIONS

How to Recession Proof Your IT Purchasing Requirements

The Indirect IT Procurement Dilemma - Solved

7 IT Procurement Case Studies & Success Stories

MARKIT OPERATIONS DURING COVID-19 CRISIS

Markit Shortlisted for World Procurement Awards 2020

IT Trends 2020 – Finance, Tech and Procurement Alignment

Bridge Over Troubled Water

IT Sourcing - Performance with Sustainability

Impacts of Automation and Digitisation on Finance and Procurement

Markit France Joins Club Decision DSI

Spend Control as a Value Driver for Procurement Transformation

Punchout for IT Hardware and Accessory Purchasing: Markit Credentials

Indirect IT Procurement Plans 2020

McKinsey & Co. Understand Indirect IT Procurement’s Future

IT Procurement Can Go Greener

Moien Luxembourg!
Markit ‘s Expansion Continues

Hurtigruten: Steering procurement from local to global in a 130-year-old cruise tourism company

SUMMARY REPORT: Markit Forum 2023
International IT procurement event

HELLO MALAYSIA!
MARKIT'S APAC EXPANSION CONTINUES

INTERNATIONAL IT DEVICES PROCUREMENT
OUTLOOK 2023

HELLO AFRICA!
MARKIT IS NOW PRESENT ON 6 CONTINENTS

REPORT: Markit Forum Virtual 2021
International IT procurement event