Lately, the telecom services industry is shifting toward a more service-oriented economy with the presence of several competitors offering reliable telecom services at a comparatively lower price. Additionally, leading telecom services providers are improving their sourcing and procurement efficiencies to go on par with the customers’ preferences and the ongoing innovations. Moreover, players operating in the telecom services industry space have started adopting robust sourcing analysis solutions to streamline their sourcing and procurement processes across the supply chain and gain an edge over the peers in the industry.
To gain better visibility into the sourcing and procurement activities, a renowned telecom services provider approached SpendEdge. The sourcing analysis experts at SpendEdge help firms operating in this industry space to reduce the turnaround time for their procurement processes
The Procurement Pain Point and Insights Offered
A renowned telecom services provider was facing predicaments in increasing their efficiency of internal operations across the supply chain. As a result, they wanted to devise a flexible resource deployment model to improve their overall efficiency. Additionally, the client wanted to standardize and centralize their sourcing and procurement process to reduce the turnaround time.
To address the specific business requirements of the client, the sourcing analysis experts tailored a comprehensive research approach which included primary and secondary research methodology coupled with qualitative and quantitative data collection procedure. The sourcing analysis engagement helped the telecom services provider standardize and centralize their sourcing and procurement process, thereby, achieving significant cost savings across the supply chain. Additionally, the client was able to identify the low-cost and best-cost country locations for their sourcing and procurement activities.
Fundamental questions answered in this sourcing analysis engagement include
The sourcing analysis engagement the telecom services provider identify and implement tools and processes to identify and leverage opportunities for strategic sourcing. This significantly helped them reduce their inventory and maverick spends.