Today, players telecom industry are trying to keep up with the intense competition levels by offering promising solutions that provide more efficient networks while compromising the costs. This has led to many players in the telecom industry facing losses across geographies. As a result, leading firms in the telecom industry are devising cost benefit analysis studies to reduce expenditures and meet the rising demand for seamless networking capabilities among the consumers. Cost benefit analysis studies help telecom industry players to gain an in-depth understanding of the cost structure of their supply chain activities and devise superior negotiation strategies with suppliers.
Moreover, the cost benefit analysis solutions offered by SpendEdge, help firm in this industry space to gain a stronger foothold and achieve a superior competitive advantage.
The Procurement Pain Point and Insights Offered
A global telecom industry client was facing predicaments in gaining strategic insights into the negotiation levers adopted by suppliers to ensure low-cost raw material procurement. As a result, they wanted to identify the sourcing and procurement pricing elements and its influence on the overall cost. Moreover, the client wanted to formulate a robust, low-cost mix model to reduce their overall costs and formulate improved negotiation strategies with their current suppliers.
The cost benefit analysis experts at SpendEdge tailored a two-step research procedure which comprised of primary and secondary research methodologies coupled with qualitative and quantitative data collection techniques. During the course of this cost benefit analysis engagement, the telecom industry client was able to estimate the impact of each cost driver on the overall cost. The client was also able to predict the cost movements across all cost elements. The cost benefit analysis study also recommended the client with low-cost mix models to devise superior negotiation strategies with the suppliers and consequently cutting down on their overall cost across the supply chain.
Important questions answered in this cost benefit analysis study include
The cost benefit analysis engagement helped the global telecom industry client to comprehend the cost structure across the supply chain. This helped them cut down their costs associated with the sourcing and procurement activities. The client was also recommended with insights on devising better negotiation strategies with their suppliers.