SaaS Procurement Checklist
Build or buy? A SAAS tool should help to co-ordinate resources towards your strategic bets on the future which it also helped to form through operational data analysis.
Context
Buy or Build
With AI Coding Tools anyone can build anything they can imagine.
- What are the most valuable aspects of your business model?
- How is value created and captured and how does that differ from your competitors?
Review buy or build checklist.
Process
Steps to follow when evaluating a SaaS product:
- Form a selection team
- Requirement gathering
- Identify problems
- Desired features/outcomes
- Consult expert
- Search for vendor/developers
- Book demo
- Create RFP
- Reference Checks
- Cost of ownership
- Negotiate
Strategy
Buy or build evaluation checklist:
- Product Requirements
- Data Security & Compliance
- Access to underlying data
- Data Migration Strategy
- How will AI replace the need for each JTBD category?
- Where are the biggest functionality overlaps?
- How easy to leverage AI to build a custom stack? What data flow benefits?
- What process model justifies the need for the software?
- How do you best evaluate per job to be done?
See product development stack for building your own solutions that solve problems you understand well.
Checklist
| Checklist | Importance (weight) A | Fit (rating) B | Combined Score C = A x B |
|---|---|---|---|
| Solution functionality | |||
| Pricing terms and conditions | |||
| Availability/Uptime | |||
| System response time | |||
| Accountability for QoS | |||
| Security and privacy | |||
| Backup and recovery | |||
| Customization | |||
| Personalization | |||
| Integration | |||
| Workflow | |||
| Integration | |||
| Data access and analysis | |||
| Responsiveness to support requests | |||
| Responsiveness to requested enhancements | |||
| User community or network |