What are the main drivers for system procurement decisions?

What are the main drivers for system procurement decisions?
Ans: The drivers for system procurement decisions are:
1. The state of other organizational systems: If the organization has a mixture of systems that cannot easily communicate or that are expensive to maintain, then procuring a replacement system may lead to significant business benefits.
2. The need to comply with external regulations: Increasingly, businesses are regulated
and have to demonstrate compliance with externally defined regulations (e.g., Sarbanes-Oxley accounting regulations in the United States). This may require the replacement of noncompliant systems or the provision of new systems specifically to monitor compliance.
3. External competition: If a business needs to compete more effectively or maintain a competitive position, investment in new systems that improve the efficiency of business processes may be advisable. For military systems, the need to improve capability in the face of new threats is an important reason for procuring new systems.
4. Business reorganization: Businesses and other organizations frequently restructure\ with the intention of improving efficiency and/or customer service. Reorganizations lead to changes in business processes that require new systems support.
5. Available budget: The budget available is an obvious factor in determining the scope of new systems that can be procured.