Title

AWS re:Invent 2022 - Modernize and govern your digital supply chain with AWS Marketplace (MKT310)

Summary

AWS Marketplace is a digital catalog with over 12,000 products, deployed in 25 regions, featuring software, data products, and professional services from over 2,000 software vendors, 250 data providers, and 1,000 consulting partners.
The session covered the challenges in the digital supply chain, including procurement, provisioning, deployment, and governance of third-party software and data products.
AWS Marketplace addresses these challenges by offering management and governance capabilities to create a well-architected digital supply chain.
Forrester Consulting studies highlighted the economic value companies capture using AWS Marketplace, emphasizing efficiency in procurement, savings on licensing fees, and reduced effort in onboarding new vendors.
AWS Marketplace governance is structured in four layers: account structure, permissions, product curation, and transaction-level controls, supported by AWS services like Organizations, IAM, and Service Control Policies.
Vanguard shared their case study, highlighting their modernization journey to the cloud and how AWS Marketplace has helped them reduce cycle times and improve governance and controls.
The session concluded with recommendations on getting started with AWS Marketplace, including using private offers, exploring private marketplace, standardized license terms, applying FinOps practices, and leveraging AWS services for account and service control policies.

AWS Marketplace is not just a catalog but a platform that facilitates efficient transactions between buyers and sellers while providing governance features.
The balance between speed and agility versus governance and control is crucial for organizations to innovate without exposing themselves to unnecessary costs and risks.
Standardized license terms and private offers are key features that streamline the procurement process and align with existing workflows.
The integration of AWS Marketplace with other AWS services, such as Organizations, IAM, and Service Control Policies, allows for a comprehensive governance framework.
The case study from Vanguard demonstrates real-world application of AWS Marketplace's governance capabilities, showing tangible benefits in terms of speed to market and cost savings.
AWS Marketplace's new features, such as Vendor Insights, are designed to further streamline vendor risk assessments and enhance the procurement process.
The session's recommendations for getting started with AWS Marketplace provide a practical roadmap for organizations looking to modernize their digital supply chain governance.