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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 impac...


MARKIT 2020 – The Year in Focus
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 internatio...


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


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. 


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...


Markit – LIVE at the World Procurement Congress 2020 
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, i...


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


Assessing IT Marketplace Credibility – 11 Success Stories
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, ...


HP & Markit Success Story 
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 1...


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 
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...


Client Service Agility in Post-Crisis International Procurement
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...


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 
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 en...


The Indirect IT Procurement Dilemma - Solved
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 arou...


7 IT Procurement Case Studies & Success Stories
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 soluti...


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...


Markit Shortlisted for World Procurement Awards 2020
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 
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 t...


Bridge Over Troubled Water 
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 ...


IT Sourcing - Performance with Sustainability 
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-frien...


Impacts of Automation and Digitisation on Finance and Procurement 
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 
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 
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 
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 c...


Indirect IT Procurement Plans 2020 
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 ...


McKinsey & Co. Understand Indirect IT Procurement’s Future 
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, Alejand...


IT Procurement Can Go Greener 


MARKIT 2019 – The Year in Focus 
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 enhanc...


Markit Serbia is Open for Business 
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 
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 ...


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


Saudi Telecom Company Win Procurement Leaders APAC External Collaboration Award 2019 
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 Exte...


Productivity as a Competitive Advantage 
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?
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 a...


From USA to China – Markit's Global Reach 
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 ...


Corporate Immune Systems are Stifling Innovation in Procurement  
“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 Intellig...


Markit Leads the IT Procurement Discussion in Poland
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 
“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 t...


Inch by Inch, the CPO Transforms - Digitally 
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? 
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 
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 
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 
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 
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 ...


Punchout Catalogue Integration 
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 
The ideal indirect IT purchasing solution incorporates various transparency components.


Asia Pacific Procurement Awards 2019 Shortlist 
We are happy to announce that Markit is supporting the Asia Pacific Procurement Awards again for second year running!


Digital Procurement Reports 2018-9
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 ...


Innovation and Value in Digital Procurement 
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 fo...


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


Markit global HQ is moving in 2020 to Porto Franco Tallinn
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...


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